The problem is not just China, If we started to add Tariffs it would not
take long to see an increase in inflation. That would be bad for all
especially older folks living on their pensions.
By comparison the Harley tariff was easy, it was only impacting a small
group of mostly wealthy mid-aged men.
For the past 20 years China exports have kept inflation here low. That is
ending as the RMB begins to increase in value. Inflation scares the heck out
of Washington and it should.
Steve
On Mon, Jan 17, 2011 at 1:06 PM, Kirk Hargreaves <khargreaves2 at
gmail.com>wrote:
> Tariffs have been used in the past to good success. Reagan put a tariff on
> big bore motorcycles which did a lot to save Harley Davidson.
>
> But no one has the balls to go up against China at this point with even a
> small tariff to begin with. Something needs to be done though. . even if
> we could start off small and increase it over time.
>
> My take anyway. . .
>
> Thanks for your response . . I had no idea that food was coming from over
> there as it is.
>
> Kirk
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