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by njarboe
2494 days ago
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Why many people in the US buy trucks and SUVs over cars is due to a lot of factors. A major one that is not well known is that US auto manufactures have had a high incentive to promote them since a 1964 tax law[1] set a import 25% tax on light trucks. [1]https://en.wikipedia.org/wiki/Chicken_tax |
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>Robert Z. Lawrence, professor of international trade and investment at Harvard University, contends the tax crippled the U.S. automobile industry by insulating it from real competition in light trucks for 40 years.
This comment also made me laugh. I doubt that we'd be seeing everyone drive Tatas around the ranch instead of Fords if they didn't have a 25% import duty.