
Retaliatory Tariffs: How the Chicken Tax Built the American Truck
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If you drive on any American highway today, you will be surrounded by massive, domestically produced light trucks. This is not solely due to consumer preference; it is the direct result of a bizarre geopolitical feud over cheap poultry. In 1963, facing European tariffs on cheap American chicken, President Lyndon B. Johnson retaliated by placing a 25% tariff on imported light trucks. Over half a ...
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If you drive on any American highway today, you will be surrounded by massive, domestically produced light trucks. This is not solely due to consumer preference; it is the direct result of a bizarre geopolitical feud over cheap poultry. In 1963, facing European tariffs on cheap American chicken, President Lyndon B. Johnson retaliated by placing a 25% tariff on imported light trucks. Over half a ...
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