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Originally Posted by buggyone
Exactly right. We keep hearing about "free markets" being the best thing for business. However, raising import taxes would not be a free market system.
Remember also, if the USA would raise import taxes on any country, they would turn around and do it right back to the US goods imported to their country.
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I haven't done a lot of research in this area but understand many countries do put an import tax on U.S. products. By the U.S. putting an import tax on foreign products---that would help level the playing field.
Foreign products are cheaper because of reduced labor costs. In some cases, it could be called "slave labor".