Posts Tagged ‘president lyndon johnson’

The Chicken Tax

chickentax2

Politics and sound reasoning has time and again over history proven itself to be quite the oxymoron when used in the same sentence. No more so than now with Trump being elected in as the next US President. However, this story isn’t about Trump, rather, it is a retrospect on politics and its downstream impacts on society which brings us to the Chicken tax.

Fifty-three years ago, with political tensions rising at the height of the Cold War, United States imposed a 25 per cent tariff on imported brandy, dextrin, potato starch and small pickups in retaliation to tariffs on imported American chicken imposed by countries like France and Germany. Well, the Cold War is over, and 53 years after the tariff was imposed brandy, dextrin and potato starch no longer have a 25% tariff. However, light trucks did not didn’t get off easy. The tariff remains in place today to protect U.S. domestic automakers from foreign competition.

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