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Time - Man of the Year
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Time_Man_of_the_Year_Compact_Publishing_3YX-Disc-1_Compact_Publishing_1993.iso
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081092
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08109934.000
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1993-04-08
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799b
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TRADE, Page 44How Trade Barriers Hurt U.S. Consumers
America's array of often contradictory trade restrictions
are a major obstacle to raising its standard of living and
strengthening its competitiveness, according to a study by
economist James Bovard for the Dallas-based National Center for
Policy Analysis. Tariffs and quotas cost each U.S. family an
average of about $800 a year. Low-income households suffer more
because they spend a greater share of their earnings on food and
clothing, two of the most rigidly controlled imports. Despite
efforts to eliminate quotas, more than 3,000 of them restrict
foreign apparel and textiles, adding $40 billion to U.S.
clothing prices.