#25PercentTariff

I come to praise the chicken tax, not to bury it. In exchange for the short-term consequence of a few people paying too much for Toyota trucks with insta-rust beds, this country managed to acquire a pretty substantial infrastructure to build “foreign” automobiles while still providing jobs to Americans. It even helped the Japanese automakers, who managed to survive the 1985/1986 spike in the yen without abandoning the US market because they were largely in the process of moving production to the Southern states.

In recent years, however, the 25% tariff has come to be ever-so-slightly irrelevant, primarily affecting buyers of the Ford Transit Connect who can’t figure out why there are wrench marks on the floor of their brand-new cargo vans. And now it might be gone for good.