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Wednesday, March 14, 2012

Protected Car Markets

The uneven playing field that is trade never ceases to amaze me. China slaps hefty duties on imported vehicles, which forces anyone wishing to sell cars in any meaningful volume to make them locally. Yet China doesn't face the same duties when it exports. China now has a massive trade surplus, yet the system continues uncontested.

Another country that follows a similar pattern is Brazil. The

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