Cheap Crab

Re: [spiers] Cheap Crab

Well, at least the so-called Byrd Amendment was recently killed by Congress.
Under the old law, the U.S. crabbers would have collected the antidumping duties
(taxes) collected by Uncle Sugar and paid by their foreign competitors, thus
enjoying the double benefit of the trade restrictive effects of the duties AND
the direct windfall of the taxes collected. Our international trading partners
were not happy about it because it was inconsistent with our WTO obligations.

AD duties clearly help prop up failing U.S. industries, but most citizens
don't realize that the AD duties paid turn out to be a hidden tax paid by U.S.
consumers to keep such industries "afloat." (Ha!)

jck

John Spiers wrote:
Naturement... which will cause the price of crab to rise to the point that US
crabbers will
simply sail out to meet Russians ships laden with Baltic crab and make their
"limit" and a
$100,000 in 8 hours and the poor fisheries enforcers won't be able to tell the
difference... but
then they will have a new problem to regulate. The fun never ends!

John
On Thu, 2 Feb 2006 10:57:59 -0800 (PST), "John C. Kalitka"
wrote :

> Until, perhaps, an antidumping duty investigation is initiated.
>
> jck
> Arlington, VA
>




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