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OT: on tariffs in the US

Looks like the US automakers may be getting a bailout.

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Why not simply increase tariffs on imported cars, instead of bailing out the US auto industry?

Tariffs are already in place for sugar...

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[Sweetener consumption patterns]

"Because of a system of price supports and sugar quotas imposed since May 1982, importing sugar into the United States is prohibitively expensive. High-fructose corn syrup, derived from corn, is more economical since the American and Canadian prices of sugar are artificially far higher than the global price of sugar and the price of #2 corn is artificially low due to both government subsidies and dumping on the market as farmers produce more corn annually."

Michael

Reply to
mrdarrett
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Go tell Paulson. Or whatever that idiots name is. He had eternity to fix the system and stuck his hands in his pockets (remember china). Now he's fixing it. LMFAO Now the Banks are going to use the bailout money to buy each other, what a f*ckin hoot. They will never recover that trillion dollars.

Cheers

Reply to
Martin Riddle

Because we don't want a trade war with Europe or Japan.

Sugar? We don't mind a trade war with Cuba.

John

Reply to
John Larkin

For starters, General Motors doesn't just sell cars. It sells mortgages (through its subsidiaries and affiliated companies, Ditech), as well as car loans, credit cards and other loans (through GMAC, and GMAC Bank, etc...)

Not to mention, some of their cars (and parts) are made overseas, so an import tarriff makes very little sense.

Reply to
mpm

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Reply to
Simon S Aysdie

bailout.http://money.cnn.com/2008/10/27/news/companies/auto_bailout/index.htm...

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So i guess the result of the SHT was a build up of manufacturing in the states, which was a good thing. Perhaps they should do it again.

Cheers

Reply to
Martin Riddle

snipped-for-privacy@o4g2000pra.googlegroups.com...

ex.htm...

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Reply to
Simon S Aysdie

bailout.http://money.cnn.com/2008/10/27/news/companies/auto_bailout/index.htm...

Naw, the trade unions would just F* it over again.

Reply to
JosephKK

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