General Discussion
In reply to the discussion: Since Free Traders believe that America should lower its standard of living to help the third world [View all]pampango
(24,692 posts)setting up the GATT and the IMF after WWII. (Got to watch out for those "free-trading" Democrats, I guess.) That's fine. Republicans (like Smoot and Hawley) of the day could have used a little 'bipartisan' cover for their protectionist tariffs.
Sounds like you are a big proponent of China's model of economics. "And as for adopting the Chinese model of economics vs the European one, which zone is suffering a debt and currency crisis right now? Certainly not China." They are growing fast now (like Japan and Germany did after WWII) but their inequality is worse than ours.
You're welcome to China's model. I'll take economic model of Europe for all of it faults and current problems. They have much more income equality than China or the US and their governments take much better of their citizens in so many ways. If Sweden and China start handing out permanent residency visas, I can tell I'll be headed one way and you'll be headed the other.
Your source for your assertion that Chinese tariffs are 25%?