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JLK
Joined: 17 Apr 2002
Posts: 4034
Location: East Coast USA
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 Posted: Sun Aug 09, 2009 7:16 pm Post subject: A Smoot-Hawley for The New Century? |
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Smoot-Hawley Tariff Act
| Quote: | | The Smoot-Hawley Tariff Act of 1930 (P.L. 71-361, sometimes known as the Hawley-Smoot Tariff Act; officially the Tariff Act of 1930) was an act signed into law on June 17, 1930, that raised U.S. tariffs on over 20,000 imported goods to record levels. The ensuing retaliatory tariffs by U.S. trading partners reduced American exports and imports by more than half and according to some views may have contributed to the severity of the Great Depression. |
Real unemployment is approaching 20%, and U.S. corporate revenues seem to be stabilizing at between 70-80% of what they were a few years ago. Is the cap and trade bill being used as a back door to reduce foreign competition?
Cap and trade or Smoot-Hawley?
| Quote: | Emblematic of the problems buried in the flawed "cap and trade" bill is a provision that only came to light in the final moments of the House debate.
A last-minute amendment, inserted in the early morning hours on the day of the vote, would tax goods that we import from countries that are unwilling to adopt carbon-reducing measures. So, the question becomes: Should our nation really levy trade penalties on countries that don't agree to limit their carbon emissions? |
Cap and Trade: Ten Democratic Senators Call for Carbon Tariffs
| Quote: | Today, ten Democratic senators sent President Obama a letter demanding a “level playing field” for U.S. manufacturing in any climate plan. In plain English: If you want your climate bill, you better include “carbon tariffs” to make sure U.S. jobs don’t scurry off to unregulated China.
The list of senators includes some heavyweights, but all are swing votes for the bill—Debbie Stabenow and Carl Levin of Michigan; Robert Byrd of West Virginia; Arlen Specter of Pennsylvania; Evan Bayh of Indiana; and Al Franken of Minnesota. Without the support of these lawmakers, you can stick a fork in the climate bill—it’s done. |
Examiner Editorial: U.S. cap-and-trade bill would trigger new global trade war
| Quote: | | This is why the bill would undermine America’s legitimate overseas interests by authorizing carbon tariffs against products produced by our new global competitors like China and India, which refuse to participate in anti-global warming schemes. These same countries would in turn impose retaliatory tariffs on American exports that, like virtually all tariffs, would ultimately harm businesses, workers and consumers here at home. |
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A person hears only what they understand.
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parvati_roma
Joined: 30 Mar 2004
Posts: 8531
Location: Italy
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| Posted: Sun Aug 09, 2009 7:56 pm Post subject: |
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May be relevant - dunno? But interesting - this is a commonsensical trend I'd been "sensing" from fragments picked up here and there but hadn't seen stated in black and white before:
http://www.ft.com/cms/s/0/65a709ec-850b-11de-9a64-00144feabdc0.html?nclick_check=1
Crisis and climate force supply chain shift
| Quote: | Manufacturers are abandoning global supply chains for regional ones in a big shift brought about by the financial crisis and climate change concerns, according to executives and analysts.
Companies are increasingly looking closer to home for their components, meaning that for their US or European operations they are more likely to use Mexico and eastern Europe than China, as previously.
“A future where energy is more expensive and less plentifully available will lead to more regional supply chains,” Gerard Kleisterlee, chief executive of Philips, one of Europe’s biggest companies, told the Financial Times.
Supply chain experts agreed, with Ernst & Young underlining how as much as 70 per cent of a manufacturing company’s carbon footprint can come from transport and other costs in its supply chain.
Dan O’Regan, the accounting firm’s head of supply chains, said: “It is not just the prospect of regulatory changes but also the downturn that is forcing many organisations to consider restructuring their supply chains in their entirety. I think you will find smaller, more regional supply chains.”
(...)
In Europe, there have been many examples of companies bringing manufacturing back home or closer to the domestic market, from Samas, a Dutch furniture maker, to Zumtobel, an Austrian lighting group.
Mr O’Regan said several forces were causing companies to regionalise supply chains from rationalisation of production networks and regulatory change to pressure on the speed of delivery and the erosion of many of the cost or labour advantages some countries had enjoyed. (...) |
Also makes geopolitical sense??
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“Against barbarity, poetry can resist only by confirming its attachment to human fragility like a blade of grass growing on a wall while armies march by.” Mahmoud Darwish |
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