Trade wars can be a game of chicken. Sometimes, literally
Story Date: 3/15/2018

 

Source: POLITICO'S MORNING AGRICULTURE, 3/14/18
 

Here’s a little known fact: One of the reasons the Ford F-Series pickup acquired its perch at the very top of the sales ranks of cars and trucks in the United States more than 36 years ago had a lot to do with chicken. The story: Hoping to fend off a surge of cheap American chicken into West Germany, in 1962 the European Common Market tripled the tariff on the birds to about 13.5 cents a pound. The United States struck back, of course. It imposed tariffs on brandy, a popular French export, and dextrin and...

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