US is Going to Stop Truck Tariff to Promote Struggle
The U.S. is hoping to stop the 50-year long Chicken Tax, which is a 25-% tariff on all imported trucks.
Basically created to help American companies, the U.S. is using the Chicken Tax as a bargaining chip to help U.S. auto-brands to improve their presence in emerging markets. The country is now negotiating free-trade agreements with the Trans-Pacific Partnership, a group of a dozen countries that feature Japan.
The majority feels that the Chicken Tax has attributed to rising truck cost because of a lack of true market struggle. Last year, 1.9-million pickup trucks were delivered in America and only around 200 of them were hit with the 25-% tariff. Actually, the U.S. is going to keep the Chicken Tax untouched unless Japan agrees to open its market and take out trade barriers that discriminate against the U.S. If Japan doesn’t agree, experts believe the tax could stay in place for another 25 to 30 years.