The Decline of the U.S. Machine-Tool Industry and Prospects for Recovery (1994)

Re:The Decline of the U.S. Machine-Tool Industry and Prospec... by defrost on Wednesday April 09, 2025 @01:50AM (#43629261)

Historically, the United States of America pursued a protectionist policy from the beginning of the 19th century until the middle of the 20th century.

Between 1861 and 1933, they had one of the highest average tariff rates on manufactured imports in the world. After 1942, the U.S. began to promote worldwide free trade.

Within the EU single market, there are no tariffs or customs duties between member states for manufactured goods, services, capital, and people, fostering free movement and trade.

The report(?) you a paraphrasing badly talked about within Europe (not the EU) and referred to figures between, say, Germany and Russia.

\? At a guess (thanks for not citing the report) you meant the IMF Regional Economic Outlook report titled “Europe: A Recovery Short of Europe’s Full Potential” (October 2024) ?

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Re:The Decline of the U.S. Machine-Tool Industry and Prospec... by csdreamer7 on Thursday April 10, 2025 @08:10AM (#43643027)

> Between 1861 and 1933, they had one of the highest average tariff rates on manufactured imports in the world. After 1942, the U.S. began to promote worldwide free trade.

The US did this because of the free trade treaties between west European states after WW2. This eventually led to the EU. The US, not wanting to be isolated, pushed for their own treaties.

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Re:The Decline of the U.S. Machine-Tool Industry and Prospec... by woooooo on Friday April 11, 2025 @09:59AM (#43653871)

I was under the impression the US was in the drivers seat rather than reacting, Bretton Woods being in New Hampshire and all..

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