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DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Offshoring: Should Americ... » Reply #93

Response to Sen. Walter Sobchak (Reply #90)

Sat Dec 31, 2011, 01:17 PM

93. Why do you keep spouting these uninformed opinions? You have no documentation to back them up.

 

It is you who don't understand the WTO or the tariff system. The fact is, we didn't start any mercantilist trade war. This trade war has been started by nations like China.

China has long kept up a massive 25% tariff against imports from the United States. We don't have 25% tariffs against them. Plus China has kept its currency devalued to boot. If we do slap such tariffs on China, suddenly you are calling that a trade war.

The WTO also has a rule that allows us to impose import duties to balance out our trade deficit:
http://www.wto.org/english/res_e/booksp_e/gatt_ai_e/art12_e.doc

And as I said before, we've got nothing to lose here. Our currency is devaluing as a direct result of our massive trade deficits and I gave you a factual link to back that up. Eventually these imports will become too expensive anyway. Funny how you keep evading that. Obviously you are not interested in reading documented facts about trade.

These trade deficits are killing America. Would you rather see our unemployment levels rise to 25% or higher as a result of accepting "free trade"? Or would you rather see America explode in revolution against free trade when we get tired of this?

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