Word: tariff
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TIME asks, "where will jobs come from?" The U.S. had a $670 billion trade deficit in 2008. Those billions represent millions of jobs that have been exported. It's time to recognize that free trade doesn't work. Bring jobs back from overseas with a 20% across-the-board tariff on imports...
Beijing has cried foul to the World Trade Organization (WTO) after being whacked with a 35% U.S. tariff on Chinese tires in what some fear could lead to an escalating trade war. The U.S. argues that cheap imports were harming its tire industry; China has said it might limit U.S. auto and chicken imports in response...
Ronald Reagan imposes a 49% tariff on Japanese motorcycles at the request of Harley-Davidson. Three years later, Harley says it is no longer needed, and Reagan repeals...
Bill Clinton threatens Japan with a 100% tariff on luxury cars unless Tokyo eases its regulations against U.S. automakers. An 11th-hour deal scuppers the tariff...
...sidelines of the U.N. General Assembly in New York City before heading off to Pittsburgh, Pa., for the G-20 summit on Sept. 24-25. This is what a more relaxed Hu might say to Obama, whose first major decision on trade was to slap a 35% tariff on tires produced in China - an action that generated a flurry of stories in the media about the possibility of a U.S.-China trade...