protectionist
Diamond Member
- Oct 20, 2013
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This could also be called "on Economic Nationalism".
1. "America runs the largest trade deficits in history because we do not tax imports - they enter duty free - while exports carry in their price, the cost of all the taxes we impose on managers, workers, and companies that remain in the United States." By reversing this penalty-reward formula, the US could eliminate its trade deficit in a decade." (State of Emergency, pg. 265)
2. "...our message to the world: Every company and all products are welcome here. But if you want to sell here, you produce here, or you pay a stiff cover charge to get in. Would China, Europe, and Japan threaten retaliation ? Perhaps. But we shoud tell Beijing, Brussels, and Tokyo we will accept a combined VAT-tariff on US products entering their markets equal to our tariff on their goods, but no more. Equality and reciprocity, not globalization and free trade, should dictate the terms of trade. And would China, Japan, or Europe risk a trade war with the United States when all 3 run huge annual trade surpluses with the United States ?" (Suicide of a Superpower, pg.419)
3. "Every year Beijing exports to us 6 or 7 times the dollar volume we export to China. If the US lost 100% of world's markets we now have, but recaptured 100% of our own, we would be half a trillion in the black, for that is the size of our trade deficit with the world. We have nothing to lose but our trade deficits. We have a self-reliant republic to regain." (Suicide of a Superpower, pg. 420)
4. "Trade war ? Bring it on. We'll eat their lunch" (Death of the West, pg 114)
5. " Every nation that rose to world power did so by protecting and nurturing its manufacturing base - from Great Britain under the Acts of Navigation, to the United States from the Civil War to the Roaring Twenties, to Bismark's Germany before World War I, to postwar Japan, to China today. No nation rose to world power on free trade. From Britain after 1860 to America after 1960, free trade has been the policy of powers that put consumption before production, today before tomorrow." (Suicide of a Superpower, pg. 17)
I couldn't resist to add this from Lou Dobbs >>
"I strongly believe that US based companies should be subjected to tariffs, duties, and fees on any product and service they produce overseas for consumption in the US market."
(Lou Dobbs, War On the Middle Class, pg. 206)
1. "America runs the largest trade deficits in history because we do not tax imports - they enter duty free - while exports carry in their price, the cost of all the taxes we impose on managers, workers, and companies that remain in the United States." By reversing this penalty-reward formula, the US could eliminate its trade deficit in a decade." (State of Emergency, pg. 265)
2. "...our message to the world: Every company and all products are welcome here. But if you want to sell here, you produce here, or you pay a stiff cover charge to get in. Would China, Europe, and Japan threaten retaliation ? Perhaps. But we shoud tell Beijing, Brussels, and Tokyo we will accept a combined VAT-tariff on US products entering their markets equal to our tariff on their goods, but no more. Equality and reciprocity, not globalization and free trade, should dictate the terms of trade. And would China, Japan, or Europe risk a trade war with the United States when all 3 run huge annual trade surpluses with the United States ?" (Suicide of a Superpower, pg.419)
3. "Every year Beijing exports to us 6 or 7 times the dollar volume we export to China. If the US lost 100% of world's markets we now have, but recaptured 100% of our own, we would be half a trillion in the black, for that is the size of our trade deficit with the world. We have nothing to lose but our trade deficits. We have a self-reliant republic to regain." (Suicide of a Superpower, pg. 420)
4. "Trade war ? Bring it on. We'll eat their lunch" (Death of the West, pg 114)
5. " Every nation that rose to world power did so by protecting and nurturing its manufacturing base - from Great Britain under the Acts of Navigation, to the United States from the Civil War to the Roaring Twenties, to Bismark's Germany before World War I, to postwar Japan, to China today. No nation rose to world power on free trade. From Britain after 1860 to America after 1960, free trade has been the policy of powers that put consumption before production, today before tomorrow." (Suicide of a Superpower, pg. 17)
I couldn't resist to add this from Lou Dobbs >>
"I strongly believe that US based companies should be subjected to tariffs, duties, and fees on any product and service they produce overseas for consumption in the US market."
(Lou Dobbs, War On the Middle Class, pg. 206)