It's kind of shocking, when it comes to how irresponsible it is. It's emblematic of a desire to, essentially, increase corporate power.
The Case for Fair Trade
… its - 11331 The World Trade Organization, with its 164 members, governs international trade rules. Under its most favored nation (MFN) rule, each WTO member must apply the lowest tariffs it applies to the products … Importantly, nothing in the MFN rule requires a WTO member to provide equal—that is, reciprocal or mirror—tariff … - page 768
… American manufacturers often face, the MFN tariff for automobiles applied by the U.S. is only 2.5 percent. In contrast, the EU charges 10 percent, Communist China 15 percent, and Brazil 35 percent. Similarly, while the U.S. applies an MFN … - page 768
… blank line - 11333 Chapter The Case for Fair Trade Page number 768 … blank line - 11333 … - page 768
… TABLE 2 - 11334 TABLE 2 Chapter The Case for Fair Trade Page number 769 … TABLE 2 … TABLE 2 - 11334 … - page 769
… Nation” Rule Chapter The Case for Fair Trade Page number 769 … Nonreciprocal Tariff Rates Under “Most Favored … - page 769
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