Alan Tonelson, a fellow at the United States Business and Industry, was on Tech Ticker the other day saying the U.S. needs to put a 50% tariff on all Chinese Imports. Smoot Hawley Tariff Part II? Any thoughts on the trade deficit? Why not focus on the currency peg?
Source: http://finance.yahoo.com/tech-ticker/to-save-america-we-need-to-put-50-tariffs-on-all-chinese-imports-says-tonelson-535583.html. Here is the first video: The High Cost of 'Free' Trade: Obama "Doesn't Understand Fundamental Reality,” Expert Says.
Dow 2010 vs. 1930 Rally, Tariffs Put Fuel On Fire, What Could Do It Now?
Dow 1929 Bear Market Rally Compared To 2009 Rally (Charts + Smoot Hawley)