We do not have to penalize ourselves in a free trade global environment. What we ought to do is treat ourselves as well as we treat any foreign product, but we do not. We penalize ourselves at home, and then we penalize our products when we sell them abroad, and the penalty is 20- to 30- percent. Now, I would ask my colleague to tell me how, with a 20 or 30 percent penalty, America cannot see its jobs continue to fly overseas and why, if we could get rid of that penalty, those jobs would come back home.
William Tauzin: “We do not have to penalize ourselves in a free trade global environment. What we ought to do is treat ourselves as well…”
Editor's note · Context
Discussing the impact of trade penalties on American jobs.
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