93 F
College Station
Sunday, August 1, 2021

The US Should Take Note of Vietnam’s 'Vietnam First' Trade Policy

Local News

College Station Bans Traditional Pet Shops

At Thursday's meeting, the College Station city council passed an ordinance that prohibits the sale of non-rescue dogs and cats in pet...

College Station to Vote on ROO in Special Meeting Today

The College Station City Council meets Monday at 4 p.m. at city hall to consider a Restricted Occupancy Overlay (ROO). The ordinance would allow single-family...

College Station Plans on Borrowing Additional $62 Million Without Taxpayer Vote

The College Station City Council voted to begin the process of issuing $62 million in certificates of obligations for capital projects. The...

Brazos Valley Hospitalizations Continue to Decline After Mask Order Rescinded

Texas Governor Greg Abbott issued Executive Order GA-34 on March 2, 2021, and the order went into effect on March 10, 2021....

Donald Trump introduced many millions of Americans to the very unfair, un-free “free trade” to which the United States government had long subjected us.

At the behest of huge-donor globalist corporations, the US government had, for many decades, signed us up for hundreds of “America Last” trade deals.

Where other nations severely limited what we could send them and tariffed the daylight out of what little we were allowed to send them.

And most damagingly, the US allowed other nations to subsidize like crazy what they sell us.

When a country mass-subsidizes something we sell?  It is decidedly unfair to us.  Most importantly, to the American men and women who make that something.  They are being undercut — not by market forces, but by market-warping government interference.

Every dollar in government subsidy means that country’s sellers can sell for a dollar less than our men and women attempting to compete with them.  When the government subsidies are in the billions of dollars per year things get really warped — and really bad for our manufacturing men and women.

And, of course, farmers are manufacturers.  They manufacture food.  And they are damaged just as much by foreign subsidies as anyone manufacturing anything else.  Only, I would argue food and its domestic manufacture is more important than just about anything else we manufacture.

Vietnam seems to grasp all of these concepts and is therefore engaged in quite sensible “Vietnam First” trade policy.

Vietnam Imposes 47.64% Anti-Dumping Tax on Some Sugar Imports from Thailand:

“The decision comes after the ministry finished an anti-dumping investigation that started last September on behalf of the domestic industry.

“The probe showed that subsidised sugar shipments from Thailand surged 330.4% to 1.3 million tonnes in 2020 and the imports were undermining the domestic sugar industry, the ministry said in a statement….

“ASEAN Trade in Goods Agreement…provisions allow Association of Southeast Asian Nations to impose import duties to protect the rights and interests of their domestic industries against anti-competitive behaviour.”

To what Thailand “anti-competitive behavior” could Vietnam be responding?

Thailand’s Sugar Policy: Government Drives Production and Export Expansion:


Continue reading on RedState

More articles

- Advertisement -

State News

Biden Admin Sues Texas Over Executive Order Cracking Down on Transportation of Illegal Aliens

The Biden administration has filed a lawsuit against the State of Texas, after Gov. Greg Abbott released an executive order earlier this week prohibiting...

Austin Taxpayers Forced to Pay Left-Wing Consultants $10K/Day for Critical Race Theory Training

If it’s another week, it’s another boondoggle for the City of Austin, all paid for by citizens’ tax dollars. According to recent open records...

Abbott’s Latest Order Doesn’t Protect Long-Term Care Visitation Rights

Gov. Greg Abbott’s latest executive order leaves in place visitation restrictions for residents of long-term care facilities. Some facilities have even locked down again,...

The Liberty Café 44: Stupidity and Texas Republicans

Republicans have wasted a good portion of the 19 years they have been in charge of Texas government. On Episode 44 of the Liberty...

Fighting Honorably, In Context

As the saying goes, “Context is king.” Nowhere have I seen that so practically displayed as in Israel, where passages from the Bible spring...

Continue reading on RedState