Friday, January 27, 2017
Ever hear of the "chicken tax"?
Flight Plan: Ever hear of the "chicken tax"?
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To retaliate for Germany's tariff on American chicken, the US imposed a 25% tariff on foreign-made trucks sold here. This became known as the "chicken tax" and it exists to this day. Tit for tat, that's invariably the way tariffs work out. This shut down VW pickup sales instantly....with a 25% tariff they were then waaay too expensive. We lost chickens sales, they lost truck sales. Lose-lose.
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1977 911S Targa 2.7L (CIS) Silver/Black
2012 Infiniti G37X Coupe (AWD) 3.7L Black on Black
1989 modified Scat II HP Hovercraft
George, Architect
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