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To: reggi

Wrong...Please read...

http://americastradepolicy.com/did-the-smoot-hawley-tariff-cause-the-great-depression/#.VseAhuaLXFl

The big problem with Smoot-Hawley Tariff Bill was that US export income was pretty close in value to US import value...When we raised to tariff on imported goods, the foreign countries also raised theirs...It served no purpose...
Today, our export income is 6 times lower than US import value...


96 posted on 02/19/2016 12:56:56 PM PST by JBW1949
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To: JBW1949

If you want foreigners to buy your products, make a better product or make it cheaper. Our movie industry does great internationally because although our movies have bigger budgets, they’re much better quality than most foreign productions. So we don’t have to charge more for movie tickets than any other country does.

If you suck as a producer, don’t ask the government to tax the superior, cheaper foreign goods to prop up the crappy job you’re doing. If you can’t do the job and compete on a level playing field without corporate welfare propping you up, find another line of work.


119 posted on 02/19/2016 2:27:26 PM PST by JediJones (RUSH LIMBAUGH on TED CRUZ: "This is the closest in our lifetimes we have ever been to Ronald Reagan")
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