Word: tariff
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...studied enough to know a tariff is really a tax on us," said Alexander...
Buchanan's solution is Fortress America: pull the U.S. out of NAFTA and GATT, impose a 20% tariff on Chinese goods, 10% on imports from Japan and some kind of levy on goods from Mexico. Combine that with his hard line on immigration, his culture war, his unyielding opposition to abortion and the sweet-and-sour delivery he perfected on Crossfire. Papa's got a brand-new populism...
...Hiroshi Kume, a television anchor in Japan, reacting to conservative commentator Patrick J. Buchanan's win in Tuesday's presidential primary. His country's residents have not been very receptive to Buchanan's proposed 10 percent tariff on Japanese trade...
...policy. Not only did he vocally oppose NAFTA and the creation of the World Trade Organization (unlike Dole, Gramm and Clinton), now that these agreements have passed, he won't let bygones be bygones. He wants to dismantle both pacts and erect new trade barriers: a 10% tariff on Japanese goods, a 20% tariff on Chinese goods and a "social tariff" of unknown size on goods from Mexico and other developing nations...
...Trade deals like NAFTA can require member nations to have a high minimum wage, maintain strict environmental regulations or guarantee the right to unionize. Such rules directly confront the problems of inhumanely low wages and reckless environmental degradation--the Third World production shortcuts that Buchanan says justify his social tariff. But Buchanan's ideology won't countenance this solution since it involves the transnational panels of adjudication that he deems inimical to sovereignty. Nor do many mainstream Republicans like this leftish solution. One reason NAFTA's environmental and labor side agreements are bare bones, and barely consequential, is that Republicans...