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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (6305)	3/18/2009 2:00:27 PM
From: Brumar89	Respond to of 86355

I like that - Smoot-Hawley memorial award

To: TimF who wrote (6305)	3/18/2009 2:50:40 PM
From: RetiredNow	Read Replies (1) \| Respond to of 86355

Tim, you are making an assumption again. You are assuming that all trade wars are bad. I think there are trade imbalances with China that need to be addressed. For example, our corporations have to deal with all sorts of environmental and human resource regulations that Chinese firms aren't subjected to. As a result, Chinese firms are more competitive. Carbon taxes on our firms, would be just one more element to add on to that. Then of course, there is their currency manipulation. So if we are to level the playing field with China, we need to think of all these things and strike a trade deal with them that is fair for the US. If they don't want to be fair, then we have leverage. One of those pieces of leverage is our ability to do things like tarrifs or other measures to impose a fairer regime. Sure it can spark a trade war, which no one wants, but the threat of a trade war is leverage in and of itself. For folks who don't think twice about going to war with human lives at stake, you guys sure do seem chicken when it comes to trade wars. ;)