Re:The Class of 2017 – Raising America's Pay
by thablackbull on Monday May 08, 2017 @03:41PM
(#14294879)
> I'm not sure why anyone cares about the US returning the favor.
I don't think you realize that protectionist measures in America is nothing new; in fact, we have quite a lot of protectionist measures. It's just a media bias here that makes you think otherwise.
Here's a chart from Euler Hermes (a unit of Allianz), Protectionism Is Not New: http://www.eulerhermes.com/economic-research/publications/Pa...
Re:The Class of 2017 – Raising America's Pay
by nerfhammer on Tuesday May 09, 2017 @09:35PM
(#14305299)
Tariffs are generally always reciprocal. The US and China don't have a free trade agreement, but are both in the WTO. And both have relatively high import tariffs against each other already.
China is incredibly protectionist of their own industries and engages in widespread subsidies and import tariffs. I'm not sure why anyone cares about the US returning the favor.