Editorial: Trade War Watch 1: Yes, We Can Start a Trade War

President Obama paid his outstanding union dues and slapped a 35 percent punitive tariff on Chinese car and light truck tires exported to the USA. The new duty will take effect on September 26 and comes in addition to an existing 4 percent duty, Reuters reports. Everybody, except for the United Steelworkers, agrees that this is one of the most boneheaded decisions of the new administration.No American tire manufacturer supported the case. Cooper Tire even publicly opposed it. No wonder: US tire companies are the biggest offenders (in the eyes of the United Steelworkers), having moved most if not all of their budget segment tire production to low labor cost overseas sites. Chinese tires are not in the USA because China wants to rape and pillage the market. Chinese tires are here, because US tire companies set up joint ventures in China to make what the market demands: Tires for less.China is not the only exporter of budget tires to the USA. According to the Wall Street Journal, 43 percent of the tires sold in the USA are imported. Only 11 percent are imported from China. The far larger share is imported from low labor cost countries such as Malaysia,… Read full this story

• Call Of Duty: Black Ops Cold War Double XP - Start Times And Platforms
• MEPs threaten 'TRADE WAR' with UK over vaccine supplies: EU could withhold 3.5MILLION Pfizer jabs destined for Britain as desperate bloc tells AstraZeneca it must drop 'first come first served' principle - despite NHS ordering three months earlier
• The trade war will hit US and Chinese growth next year, the IMF warns
• China's latest trade war card isn't as strong as Beijing thinks
• UK May Pass Genocide Amendment On Future Trade Deals, Citing Alleged Human Rights Abuses in Xinjiang
• COVID, Barley and a most unusual Australia-China trade war
• Robinhood CEO reveals the NSCC demanded $3BILLION security at 3am the morning before company stopped GameStop trades amid Reddit frenzy
• Chipmaker Group Urges Biden Gov't To Reassess 'Unilateral' Trump-Era Trade Measures, Policy On China
• French Finance Chief Hopes for Change of Tone in EU-US Trade War With Biden Administration
• EU Seizes Control of Exports in Latest Round of 'Vaccine War' with UK

Editorial: Trade War Watch 1: Yes, We Can Start a Trade War have 356 words, post on www.thetruthaboutcars.com at September 12, 2009. This is cached page on Gatofuns. If you want remove this page, please contact us.