Country of Origin Labeling. A possible solution to our floundering economy?

[oladub]

In a clear sign that China is getting increasingly bold in its response to an ongoing trade dispute with the U.S., Chinese authorities Friday slapped preliminary import duties of as much as 105.4% on U.S. chicken products. -WSJ 2/5/10

China was angry about an import duty that the Obama administration put on tires. Since China sends more in this direction, China would lose a tit for tat trade war. However, they are our banker and could cut us off as a bad lending risk. Biggus' VAT tax was interesting but I would make it revenue neutral. In the long run, Americans will have to live more within their means so our government doesn't have to be begging its Chinese bankers for more loans to live beyond our means. Until then, our government's trade policy will be that of a vassal state.

[MoparDan]

In a clear sign that China is getting increasingly bold in its response to an ongoing trade dispute with the U.S., Chinese authorities Friday slapped preliminary import duties of as much as 105.4% on U.S. chicken products. -WSJ 2/5/10

China was angry about an import duty that the Obama administration put on tires. Since China sends more in this direction, China would lose a tit for tat trade war. However, they are our banker and could cut us off as a bad lending risk. Biggus' VAT tax was interesting but I would make it revenue neutral. In the long run, Americans will have to live more within their means so our government doesn't have to be begging its Chinese bankers for more loans to live beyond our means. Until then, our government's trade policy will be that of a vassal state.

Similar to the situation with Japan during the 80s when they completely wiped out our consumer electronics manufacturing & their cars were here to stay. I was active duty during that time & we used ask questions like "How come we can build a laser-guided bomb, but not a CD player?"
India will probably be our banker during the next decade. Just sayin'!