Quote:
Originally Posted by Superman
I say we place MASSIVE tariffs on products made in China.
|
Yea, the last time we placed massive tariffs on products (Tariff Act of 1930, or the Smoot–Hawley Tariff); we entered The Great Depression.
The WSJ had an opinion piece today about using Congress to manipulate trade and currency:
Quote:
|
Mr. Boehner was left to fill the Presidential vacuum, saying that "It's pretty dangerous to be moving legislation through the United States Congress forcing someone to deal with the value of their currency." He added that "This is well beyond what Congress ought to be doing,"
|
Review & Outlook: Washington's Free Trade Adult - WSJ.com