Posted on 09/29/2015 7:13:39 AM PDT by SeekAndFind
Free trade is supported by enlightened thinkers and academic economists. Those who are opposed to free trade are seen as special interests trying to shelter uneconomic industries that can’t stand up to foreign competition. It is a truism that no trade transactions would take place if they weren’t to the advantage of both parties. What could possibly be wrong with trade that is advantageous to both parties?
If free trade is so wonderful, one has to wonder why many of our trading partners are resistant to it. Perhaps these countries are just behind the times. They may not have caught up with the latest economic theories from the University of Chicago. For example, China has been the object of many trade complaints from the U.S. government. The Chinese subsidize exports. The Chinese engage in the wholesale theft of intellectual property – theft allegedly worth a hundred billion dollars per year. It is not plausible that the Chinese are behaving this way because they have failed to read the Economics 101 textbook at almost any college.
The theft of formal intellectual property – patents, copyrights, and trade secrets – is only one part of the transfer of intellectual property. A tremendous value of intellectual property takes the form of human capital – the accumulated knowledge of the workforce. If you have dealt with an airline reservation agent in India, you have an inkling as to the difference between American workers and those in more backward areas. If an American company opens a factory or a corporate research center in China, it is transferring human capital from the U.S. to China. Much learning takes place not in formal institutions of education, but in the workplace. This is especially true of the knowledge needed to make cutting-edge products.
(Excerpt) Read more at americanthinker.com ...
So now that Nabisco doesn’t have to pay that evil tariff on sugar do you think the retail price of Oreo’s will go down? What maroons Free Traitors.
No I belong to club of I don’t care about you. :-)
So you don’t care if Boeing closes plants in America and builds their planes in China?
The Chinese have exchanged manufactured goods for a large part of our industrial base. And the Chinese people are far more prosperous than they were when it started. So when does this impoverishing part kick in?
The sugar tariff is an imperfect tariff, because the products that use sugar are not tariffed as well. Consequently it's put our candy manufacturers at a disadvantage to foreign producers.
Isolated examples like the sugar tariff is not good examples for general import tariffs which benefited our country greatly for 180 years.
NAFTA is undermining the sugar tariff because Mexico can ship sugar in tariff free.
bookmark
We need to maintain parity as to tariffs, work and environmental standards, and beyond that just compete and win.
You cannot get your facts to fit your narrative:
1.Brazil: $9.5 billion (35.7% of total sugar exports)
2.Thailand: $2.7 billion (10.3%)
3.France: $1.3 billion (5%)
4.India: $1.1 billion (4.2%)
5.Guatemala: $952.2 million (3.6%)
6.Mexico: $907.3 million (3.4%)
7.Germany: $754.8 million (2.9%)
8.Belgium: $429.2 million (1.6%)
9.Cuba: $427.9 million (1.6%)
So the sugar tariff protects two billionaire Florida families from competition and me from saving my hard earned dollars. Those stinking isolated tariffs. If only they were more broad based then I’d lose even more money to domestic rent seekers.
You remind me of Plato where somewhere in heaven is a perfect tariff and all earthly tariffs are only poor replicas. Stop being so good to me Danny.
Which explains your support of tariffs. If you cared about the little guy you’d want an open market because in an open market the consumer is king.
Yes, all else being equal.
I’ve never had a problem with foreign food. The safety reasons you cite are not obvious.
You are supporting over 100 million Americans on 15 different food support programs. I’d think you’d be more interested in putting Americans back to work than saving a few pennies on candy.
I don’t think you understand the true definition of free trade. You have had stupid trade pushed at you for too long.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.