Posted on Jun 28, 2018
As U.S. tariffs hit mills in Canada, Alabama makes steel for new Canadian naval vessels
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This whole tarriff thing is ridiculous and like you hope it ends soon. As to NAFTA I haven't been really following negotiations, but hear they're not exactly going well. Not entirely sure why it needs to be renegotiated in the first place, its worked fine since 1994, sometimes to our benefit and sometimes not.
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If you check the listing of all the major economies & tariff rates by country the US ranks towards the bottom for all developed nations. The US has always had tariffs & up until the Income tax was founded in 1913, tariffs produced nearly 100% of US Federal revenues.it is interesting to note, that higher GDP countries have lower tariff rates on average.
Although China, a new WTO member places high tariffs on imports from the US & other countries. They also ban foreign ownership of nearly every Chinese company & mandate forced technology transfers to companies that do decide to take up to a 49% stake in a Chinese company.
https://www.investopedia.com/ask/answers/040115/which-countries-have-highest-tariffs.asp
Although China, a new WTO member places high tariffs on imports from the US & other countries. They also ban foreign ownership of nearly every Chinese company & mandate forced technology transfers to companies that do decide to take up to a 49% stake in a Chinese company.
https://www.investopedia.com/ask/answers/040115/which-countries-have-highest-tariffs.asp
![](https://d26horl2n8pviu.cloudfront.net/link_data_pictures/images/000/303/756/qrc/shutterstock_67023106.jpg?1530302952)
Which countries have the highest tariffs?
Find out which countries have the most restrictive import tariffs on international products, based on data collected by the World Bank and WTO.
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