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Tariffs - Why cant the USA impose them to stimulate economy?


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  #1  
Old 07-04-2009, 04:16 PM
Gloria Gloria is offline
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Default Tariffs - Why cant the USA impose them to stimulate economy?

At one time we used to make our own TV's, radio's, cars, etc. but someone somewhere decided to export these items to make them cheaper... why? Things seemed work fine back in the day, why not now? No need for bailouts, etc. Why cant we tariff cars and the like?All the answers seem basic. The question I have is that we 'used' to make all of the items we now import, had a great middle class with pensions and retirement, our economy was rocking... Why cant that happen again? Trade wars? What do we export???? Nothing but we import everything. It used to be we exported everything, we weren't mired in inflation and everyone was doing great if you look back into the 50's and 60's. What happened and why cant it happen again???
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Old 07-04-2009, 04:22 PM
b2b b2b is offline
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Default Tariffs - Why cant the USA impose them to stimulate economy?

Because high tariffs will hurt international trade.
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Old 07-04-2009, 04:27 PM
Amenda Amenda is offline
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Default Tariffs - Why cant the USA impose them to stimulate economy?

Because such action would likely result in 1) the U.S. being penalized by the World Trade Organization 2) a global trade war or 3) large contraction in international trade or 4) all of the above. Naturally, none of these would benefit the U.S. economy.
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Old 07-04-2009, 04:33 PM
Flory Flory is offline
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Default Tariffs - Why cant the USA impose them to stimulate economy?

Back out of all your treaties and trade pacts? Skyrocket the price of all your goods by making them in America instead of importing them from a cheap country like China? Lose all your exports because the rest of the world will retaliate by cutting off trade with America?Wow, President Bush, you should have thought of that stuff when you were in power! That would solve the problem of illegal immigrants - they'd all be running back to the superior Mexican economy.
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Old 07-04-2009, 04:39 PM
decade decade is offline
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Default Tariffs - Why cant the USA impose them to stimulate economy?

Tariffs need to be used very carefully as they backfire in a hurry. When other countries respond to our tariffs with their own we lose a lot of business. Its a world economy and to be protective often leaves us in the dust behind the rest of the world. The only reason for tariffs would be to react to a country that is unfairly dealing with us.
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