A 1960s ‘Chicken War’ reveals the driving force behind the boom of American pickup trucks
|06/22/2018||Posted by BusinessMediaguide.Com under General World News||
- A 1960s ‘Chicken War’ is partly responsible for the boom of American pickup trucks.
- The US slapped tariffs on German-made trucks in retaliation for similar taxes on American frozen chicken. The tax on trucks still hasn’t been lifted.
- The tariff helped US automakers dominate that segment of the market, said Albert Edwards, a strategist at Société Générale.
Tariffs are not always bad news.
The US is in a tit-for-tat trade spat with China and other trading partners, imposing taxes on billions of dollars worth of their imported products to achieve what it considers fairer terms of trade.
By making imports more read more >>>