Something to keep in mind:
Most Americans think of the U.S. as a free-trade country with open markets, and countries like China and Japan as protectionist countries with closed markets. And yet the U.S. is quite protectionist, when we consider that there are more than 12,000 tariffs (i.e. taxes) on imported products that are sometimes as high as 350% in the case of tobacco; 164% on peanuts; 100% on jam, chocolate and ham; and 48% on sneakers.
No comments:
Post a Comment