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
… the WTO’s MFN rule provides little or no incentive for higher-tariff countries to lower their tariffs. Rather, … the WTO’s MFN rule provides little or no incentive for higher-tariff countries to lower their tariffs. Rather, … - page 769
… this broad sample of 132 countries, U.S. exporters face higher tariffs in 467,015 different cases compared to 141,736 cases in which the U.S. charges higher nonreciprocal rates. In other words, U.S. exporters face higher tariffs more than three times as often as the U.S. … - page 769
… Moreover, when American exporters face higher - 11343 Moreover, when American exporters face higher tariffs, the nonreciprocal tariffs are typically much higher. As row 4 of Table 2 indicates, in the 467,015 cases … - page 769
… - 11345 in the 141,736 cases in which the U.S. charges the higher tariff, the average US. applied rate is only 8.7 percentage points higher than the average applied tariff of the foreign … 770 … in the 141,736 cases in which the U.S. charges the higher tariff, the average US. applied rate is only 8.7 … - page 770
… Separately, Communist China levies higher tariffs - 11346 Separately, Communist China levies higher tariffs on 10 products for every one Chinese product that is subject to a U.S.-applied higher tariff." India’s ratio is even higher at 13 to one. … - page 770
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