Posts Tagged ‘tariff’

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    The Story of a Candle Tax

    May 6, 11 • 99 Views • Businesses, Demand, Supply, and Markets, Developing Economies, Economic Debates, Government, International Trade and Finance, LaborNo Comments

    Our story begins with one 1986 tax, an “antidumping duty,” on Chinese candles. Responding to very low Chinese candle prices, the U.S. decided to protect domestic candle producers. By 2004, the tax was huge. More than 100%.  Also, candle...

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    More Than Chicken Feet

    Sep 29, 10 • 146 Views • Businesses, Demand, Supply, and Markets, Developing Economies, Economic Thinkers, International Trade and FinanceNo Comments

    Chicken feet are back in the news. But the story is about much more. A delicacy in China, chicken feet are a perfect U.S. export. Except for animal feed, there is little demand for them in the U.S. By contrast, the Chinese want our chicken feet. They are fat...