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Strategies & Market Trends : P&S and STO Death Blow's
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To: t2 who wrote (20142)12/15/2002 12:29:12 AM
From: mishedlo  Read Replies (2) of 30712
 
However, the US can easily start import tariffs on strategic industries when and if it deems necessary. We just won't get deflation; it would be inflation, imho. Tariffs used in the steel industry and can select others if more jobs start disappearing (can use the anti-dumping law).
So much of the world is dependent on exporting to the US and not the other way around.

Shades of Smoot-Hawley are you nuts?
They might be nuts enough but I would not think you to be.
If so much of the world is dependent on the US to buy and we raise tarrifs, what will that do to:
a) raise our costs
b) lower the ability of others to have the means to buy our stuff

Retalitory tarriffs by everone on everything is just exactly what we need to start a worldwide depression

Steel tarrifs are bad enough and downright stupid IMO.
If we start putting tarrifs on all kinds of stuff and everyone else follows suit we are in deep shit all around.

M
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