Dominican Republic Hit With 10% Tariff Today By US

bob saunders

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Jan 1, 2002
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The problem with the DR, and many other countries, is that to comply with a trade agreement, they just call their import duties something else, just like the DR removed the import duty on cars and renamed it a "registration fee'. Other countries removed their import duties and then just renamed them a VAT tax to comply with the trade agreement in name only.

In 2000 when our tariffs on imports were very low(4% or less), we were $5 trillion dollars in debt after 224 years of existence. Just 25 years later, we're now $36 trillion dollars in debt. We can no long afford to look the other way and play "rich uncle" to the rest of the world.
Yea, but most of that debt is from government overspending.