time2roll wrote:
danrclem wrote:
time2roll wrote:
I still say drop everything and set all import taxes at 5%. Including all vehicles, oil, electronics, everything. To me that is free market trade with a small sales tax.
Too much of this tit-for-tat was created long ago under very different conditions. "chicken tax" is just idiotic at this point.
Do you think it's ok for other countries to impose 10% and 25% import taxes on our vehicles and we should only impose a 5% tax on theirs?
If they're willing to set their import taxes at 5% and ours at 5% then that would be fine but I don't think that's going to happen. Tit for tat sounds ok to me if they're not willing to make import taxes equal.
Exactly. All should participate in the 5% as a level playing field. Otherwise adjust ALL import duties to the highest levy made by the other country.
The hunt and pick certain products to retaliate works against both sides IMO.
But what if they only have a 5% tariff on something they buy more of meaning you have a 5% tariff on it, but they put a 25% tariff on something they don't buy from you, but you buy from them? How do you control that among tens of thousands of products over hundreds of industries and countries?
