I'm playing whack-a-mole in Siberia

Chapter 828 Tariff War
After Australia's independence, Britain has completely given up direct confrontation with Russia.

The reason is simple. The British Empire has never even defeated Theo, which was supported by the Grand Duchy of Yuriev. If Russia were to take action, the consequences would be disastrous.

Although Germany's total industrial output has surpassed that of Britain, the little mustache man has not dared to completely break the shackles of the Versailles system. The army still has only 10 people, and at least it looks the easiest to bully.

MacDonald did not intend to declare war on Germany, he just wanted to divert domestic conflicts, which was his usual tactic.

Hoover really wanted to declare war.

After the economic crisis broke out, Hoover did not do nothing. He was actively looking for ways to address the impact of the stock market crash on the US economy.

The effect was indeed there. After 1930, the US stock market stopped falling and began to slowly recover. This gave Hoover great confidence and he claimed that the economic crisis would end within 60 days.

Before taking office, Hoover promised American farmers that he would increase import tariffs on American agricultural products to protect the interests of American farmers in order to win farmers' votes.

Now is the time to deliver on that promise.

Earlier this year, Hoover and Mellon planned to increase import tariffs on agricultural products by 50% to protect American agriculture.

This decision is very American because the US government has done this in every previous economic crisis, using tariffs to regulate the US market.

After Joseph learned the news, he and Ford took the initiative to go to Whitehall to visit Hoover, hoping to increase the tariff on imported cars to the United States by 50% to protect the interests of the American auto industry.

This request is legitimate.

After the outbreak of the economic crisis, both Delaware Automotive Group and Ford began to lay off employees and cut salaries, which to a certain extent caused market panic.

In order to avoid causing a wider impact, Hoover hoped that Delaware Motors and Ford would not do this and assume their due social responsibilities.

Joseph cooperated fully, took the initiative to send signals, and promised not to move the factory to Mexico, and the crisis disappeared without a trace.

Ford even took the initiative to increase workers' wages from $5 to $7 a day, demonstrating his strong confidence in the US economy.

Now is the time for Delaware and Ford to demand something in return from the U.S. government.

Delaware and Ford have sufficient reasons. The import of Russian cars has indeed had a certain impact on Delaware and Ford.

Ford deserved it. The Model T, which had not changed for more than ten years, was completely outdated. Even Americans were tired of it and began to choose Russian cars with brighter colors, more fashionable appearance and more advanced performance.

Delaware's costs are too high, and the salary offered by Siberia Automobile Group to Korean workers is much lower than that offered to American workers in the Delaware factory.

"So, Russian cars are taking advantage of low prices to dump on the US market. This is unfair competition and violates the principle of free trade. We must impose sanctions on Russian cars!"

Joseph was filled with indignation and completely cut ties with Russia.

"You have to think clearly that if we raise import tariffs on Russian cars, Russia will definitely retaliate."

Meilon is still very rational. Russia is not completely powerless to fight back.

"Hey, Henry, how many cars did Ford sell to Russia last year?"

Joseph did not answer the question directly.

Ford spread his hands, looking embarrassed, wondering if he could please not slap himself in the face like that.

When the Siberian Motor was introduced in St. Petersburg, Ford was still working as an engineer at the Edison Illuminating Company.

It was also because of that expo that the current Delaware Automotive Group was established.

"Okay, if you don't want to tell me, Delaware exported 99 cars to Russia last year—"

Joseph was not afraid of losing face; in any case, the number was auspicious.

Hoover suddenly realized.

As the largest automobile company in the United States, it sells less than 100 cars in Russia a year, which is almost negligible compared to Delaware's production.

No wonder Delaware and Ford are not afraid of Russia's countermeasures.

Meilong still had a frown on his face.

Russia is not the type of country that would not fight back when being beaten.

“Since you have strongly requested it, as the President of the United States, I have an obligation to protect the interests of American companies.”

Hoover went with the flow.

As Joseph's car left Whitehall, it passed Morgan Jr.'s car.

In 1901, Andrew Carnegie sold the steel company he founded to Morgan for $5 million.

Joseph didn't say hello to little Morgan. I would rather die than let my friend die.

Needless to say, Morgan Jr.'s purpose of coming to Whitehall was also tariffs.

"If we do this, we will trigger a tariff war of unprecedented scale—"

Joseph Jr. reminded Joseph that raising tariffs was not sensible.

"Before that, we must first ensure the interests of the family."

Joseph is indifferent. Capital has no borders. At least Delaware is not the initiator.

This is not the first time that the United States has used tariffs to influence the international trade market. Even if Delaware does not do so, it cannot remain immune in this crazy environment.

As Joseph had expected, Hoover and Mellon initially only wanted to increase tariffs on agricultural products, but by the time they submitted the bill to Congress, the number of items for tax increases had increased to more than 2000, covering all categories of goods. In order to prove the necessity of the tariffs, the U.S. government submitted as many as 1.1 pages of supporting documents.

With so many supporting documents, members of Congress certainly don't have the patience to read them word by word.

Just turn to the end of the document and there is only one sentence: increasing taxes is necessary and reasonable.

Then add it!
On June 6 and 29, the U.S. Senate and House of Representatives respectively passed the U.S. government's proposal to increase tariffs, and the tariff war officially began.

When the news reached the League of Nations, Nikola, the ambassador of the Kingdom of Montenegro to the League of Nations, stood up and slammed the table.

"The Americans have gone too far! From now on, the Kingdom of Montenegro will completely stop importing any goods from the United States!"

Nikola was very confident because more than 99% of Montenegro's imports came from Russia and the Kingdom of Yugoslavia.

"Since the Americans took the initiative to provoke a tariff war, there is no reason for us not to fight back."

Kostic keeps the formation.

"This is a serious harm to the international trade system. We must fight back resolutely!"

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Alan fanned the flames.

Edward frowned and said nothing.

"We should remember that this is a common tactic used by certain offshore countries, and they have been manipulating the European continent in this way--"

Putales finally found an opportunity to curse Britain as well.

Some media in the UK have recently been conducting anti-German propaganda in the UK. Although the British government has repeatedly denied it, it is obvious that the British government is behind it, otherwise the British people's interest in Germany might not be as great as royal gossip.

"Yes, we should fight back."

What is unexpected is that even Pierre Laval is so active.

France has been very low-key in the past two years and has not easily expressed its views on many issues. The French economy has also been relatively less affected by the economic crisis. This may be the reason why Pierre Laval is so active.

Again, at least so far, the impact of the economic crisis on Europe is not as serious as Americans claim.

In other words, Americans are not as important to the world as they imagine.

"Since the United States has taken the initiative to close its borders, Russia will completely cut off all trade with the United States."

Andrei made the final decision: Russia has made up its mind, and you can decide what to do.

What Meilon worried about finally happened. Europe did not allow itself to be slaughtered by the United States, but instead launched a more severe counterattack against the United States.

In addition to Russia, Montenegro, Romania, Yugoslavia, Grand Principality of Yuriev, Korea, Australia, Germany, and France all immediately stated that they would stop trading with the United States.

Germany has already completely sided with Russia, so it is normal for it to cut off trade with the United States.

France took many people by surprise.

George was not surprised.

France is the backbone of the European economy and can manufacture all industrial products including airplanes and cars.

France is not targeting the United States. While cutting off trade with the United States, it has also significantly raised import tariffs like the United States, with an average increase of more than 50%.

This is an accidental injury.

The categories on which France has increased taxes include oil and natural gas.

Guchkov decided to take revenge on France.

George reminded Guchkov that France was not targeting Russia.

France's tax increase does not hurt Russia. The increased taxes are borne by French companies that import oil and gas. Russia will earn as much as it should, not a penny less.

Germany was not the only country in Europe to suffer from the Hebrews. France was not much better. When the Gestapo asked the French police to arrest the Hebrews, the enthusiasm of the French police surprised the Gestapo.

If the French police had fought the German invasion with one percent of their enthusiasm in arresting Hebrews, France would not have been defeated in 38 days.

Compared with France, the United States' retrograde actions are being opposed by the whole world. In addition to European countries, even Canada, which has just clung to the United States, has fought back against the United States by imposing three times the tariff on 16 kinds of goods imported from the United States.

Canada did not dare to go to the extreme, it was more like a gesture. These 16 commodities only account for 30% of imports from the United States.

The country that suffers the most is Britain, because it does not dare to fight back against the United States at all.

After the collapse of the US stock market, a large amount of capital fled from New York to London, and it seemed that London's position as a global financial center became increasingly solid.

However, this is not a good thing for the UK. The massive influx of capital is pushing up the UK stock market. Once a stock market crash breaks out in the UK, the UK's already struggling economy will be further hit.

To the surprise of many people, Russia not only did not increase tariffs, but also launched an initiative within the free trade alliance to further reduce tariffs to promote the circulation of goods and effectively improve people's living standards.

Regardless of whether the tax increase can protect domestic enterprises, it will definitely have an impact on the prices of imported goods.

Many countries in the free trade alliance, such as Romania and Yugoslavia, do not have the ability to produce cars, so raising taxes will not protect related companies but will only increase costs for consumers.

Compared with import taxes, the taxes generated during the sales and use of cars are higher.

(End of this chapter)