Although the left love to attack Chinese imports and blame them for the loss of US jobs, This story exposes the fallacy of import taxes and why they do not create US jobs. This is a must read article for anyone who entertained the idea that taxing Chinese goods would somehow equate to US job creation. In the end the only thing that will happen is the consumer will pay more.
The word comes from the Italian word tariffa “list of prices, book of rates,” which is derived from the Arabic ta’rif “to notify or announce.”
|US needs to tax Chinese imports that depress jobs
Last week Japan’s minister of finance declared that he and his colleagues wanted a discussion with China about the latter’s purchases of Japanese bonds, to "examine its intention" – diplomat-speak for "Stop it right now." The news made me want to bang my head against the wall.
|Trump: Tax Chinese imports
Posted on 20 January 2011 by Michael Stumo. Trump can see China’s cheating. Why can’t Washington? Here is his latest, from Moneynews.com. Trump: It’s “Impossible’ for US to Compete With China Thursday, 20 Jan 2011 09:00 AM By Forrest Jones The United States can’t compete with China and should consider taxing Chinese imports to level the playing field, says real-estate mogul and reality TV star Donald Trump.