Trade Wars Can Be a Game of Chicken. Sometimes, Literally.
- 6 years ago
Trade Wars Can Be a Game of Chicken. Sometimes, Literally.
“In the longer term, this market reaction to the sugar program may indeed threaten the economic viability of the entire
sugar industry in the United States,” the economist Anne O. Krueger noted in an analysis of the sugar supports
Though the other retaliatory tariffs were lifted long ago, the chicken tax on light trucks
— much higher than the typical 2.5 percent tariff on cars — remains in place.
“In the longer term, this market reaction to the sugar program may indeed threaten the economic viability of the entire
sugar industry in the United States,” the economist Anne O. Krueger noted in an analysis of the sugar supports
Though the other retaliatory tariffs were lifted long ago, the chicken tax on light trucks
— much higher than the typical 2.5 percent tariff on cars — remains in place.