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Yohai Baisburd @customsvalue
, 7 tweets, 5 min read Read on Twitter
8 Crazy Nights of Fun Trade Facts: 1. The first US free trade agreement was with Israel. Signed 1985. 9 pages long. #HappyHanukkah
8 Crazy Nights of Fun Trade Facts: 2. The second law passed by Congress was the first US trade law. It included specific duties on candles of tallow (2 cents/lb.) and wax candles (6 cents/lb.). July 4, 1789. #HappyHanukkah⁠ ⁠
8 Crazy Nights of Fun Trade Facts: 3. Tonight's candle lighting is brought to you by olive oil from Italy, wicks from Israel, and a chanukiah from the US. (Bonus fact: a "menorah" has 7 branches, a "chanukiah" has eight branches, one for each night) #HappyHanukkah⁠ ⁠⁠
8 Crazy Nights of Fun Trade Facts: 4. The first US trade law (1789) placed higher duties on goods from China and India (12.5%) than any other country (10%). No @WTO MFN requirement. 😳 #HappyHanukkah⁠ ⁠⁠ ⁠
8 Crazy Nights of Fun Trade Facts: 5. Ireland had the fifth largest trade deficit with the US through October. Time for 232 on Guinness 🤔. #HappyHanukkah⁠ ⁠⁠
8 Crazy Nights of Fun Trade Facts: 6. The ITC has not had a full complement of six Commissioners since June 2017. Good that it's been a slow year and a half in trade. #HappyHanukkah⁠ ⁠⁠ ⁠⁠
8 Crazy Nights of Fun Trade Facts: 7. You don’t have classify articles returning from space. Expressly exempted by the General Noted to the HTSUS. Galactic duty free! #HappyHanukkah⁠ ⁠⁠ ⁠⁠
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