[harpseal]

China has an average tariff on imports from the USA of 70% and India has the world's second highest tariffs after Pakistan. I can definitely still easily source the India number and the China one needs going to a link that is now broken but I can dig it up from some other source if need be. I will be over the next few weeks.

The current tariff structure is in accord with the Uraguay round tariff structures. The purpose of teh Uraguay Round agreement on tariffs which was later put through by the WTO is specifically transfer wealth and industry from Rich nations to poor nations. yes I can provide a link to this if needed.

Just some facts to try to illuminate the discussions.

[Poohbah]

China has an average tariff on imports from the USA of 70% and India has the world's second highest tariffs after Pakistan.

And this makes Congress imposing more taxation on US corporations' overseas revenue (the idea I was responding to in Post #123) a good idea because...?

(Cue "Final Jeopardy" theme)