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To: expat_panama
High tariffs on imports will result in high tariffs on our exports. That’s why...

Our exports(USA exports) are tariff the world over. But for some (corrupt) reason we refuse to retaliate. My guess is a lot of congressional member are bribes by the gloBULList cartel.


“The case in which it may sometimes be a matter of deliberation how far it is proper to continue the free importation of certain foreign goods is, when some foreign nation restrains by high duties or prohibitions the importation of some of our manufactures into their country. Revenge in this case naturally dictates retaliation, and that we should impose the like duties and prohibitions upon the importation of some or all of their manufactures into ours. ...

There may be good policy in retaliations of this kind, when there is a probability that they will procure the repeal of the high duties or prohibitions complained of. The recovery of a great foreign market will generally more than compensate the transitory inconveniency of paying dearer during a short time for some sorts of goods.

--- Adam Smith

12 posted on 07/20/2015 5:41:55 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va
Then again there's also this quote:

“It is the maxim of every prudent master of a family never to make at home what it will cost him more to make than to buy… . If a foreign country can supply us with a commodity cheaper than we ourselves can make it, better buy it of them.”

Adam Smith

15 posted on 07/20/2015 5:59:37 AM PDT by expat_panama
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