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Deal with the Dragon | Daniel Griswold | Cato Institute: Commentary: "Politicians who call for higher tariffs on imports from China are aiming straight for the pocketbooks of the poor and middle class."
"While trillion-dollar deficits are terrible, they are not China's fault, but that of our profligate politicians in Washington."
"Of the $179 it costs to actually make an iPhone, the study found that only $6.50 is spent on the labor to assemble it in China. Yet the full price of the iPhone hardware is counted in our bilateral trade deficit with China."
Wednesday, March 23, 2011
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