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Obama Slaps tariffs on Chinese tires
http://finance.yahoo.com/news/Obama-to-impose-tariffs-on-apf-2199438691.html?x=0&sec=topStories&pos=main&asset=&ccode= ^
Posted on 09/11/2009 7:17:37 PM PDT by Orange1998
President Barack Obama on Friday slapped punitive tariffs on all car and light truck tires entering the United States from China in a decision that could anger the strategically important Asian powerhouse but placate union supporters important to his health care push at home.
Obama had until Sept. 17 -- next week -- to accept, reject or modify a U.S. International Trade Commission ruling that a rising tide of Chinese tires into the U.S. hurts American producers. A powerful union, United Steelworkers, blames the increase for the loss of thousands of American jobs.
(Excerpt) Read more at finance.yahoo.com ...
TOPICS: Business/Economy; Government
KEYWORDS: bho44; bhochina; bhotrade; bhounions; sourcetitlenoturl; tariff; tires
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To: Orange1998
Oh this is gonna work out real nice.
2
posted on
09/11/2009 7:18:33 PM PDT
by
Principled
(Get the capital back! NRST!)
To: Orange1998
3
posted on
09/11/2009 7:18:35 PM PDT
by
spyone
(ridiculum)
To: Orange1998
Good. We should look out for our own. Who cares if we can borrow money to buy more Chinese money to by things we don’t make here with money we don’t have.
4
posted on
09/11/2009 7:20:21 PM PDT
by
FightThePower!
(Fight the powers that be!)
To: Orange1998
So it appears that China is the only country Obama hasn't apologized to so far.
And they're the only ones who could call in their markers and bankrupt the country.
It's clear to me that he is bound and determined to destroy this nation before his first term ends!
5
posted on
09/11/2009 7:20:37 PM PDT
by
airborne
(Don't let history record that, when faced with evil, you did nothing!)
To: Principled
The tariff is steep and the Unions get their way.
To: Orange1998
Oh, goody—yeah, let’s start a trade war in the middle of a recession! What a great idea! Hawley-Smoot all over again! Wheeeee!!!!
7
posted on
09/11/2009 7:22:10 PM PDT
by
OCCASparky
(Steely-Eyed Killer of the Deep)
To: Orange1998
but placate union supporters important to his health care push at home. But of course!
8
posted on
09/11/2009 7:22:51 PM PDT
by
Graybeard58
( Selah.)
To: Orange1998
He REALLY should slap tariffs on MOshell’s ‘tires’.
9
posted on
09/11/2009 7:23:03 PM PDT
by
RushIsMyTeddyBear
(http://www.muckety.com/7BECFF40501E647D3741343C37265A57.map)
To: Orange1998
First thing Wee-wee’s done I agree with.
Let the trade war begin.
To: FightThePower!
We are past the bell curve on that thought. China has us by the short hair.
To: Orange1998
The dollar is at an all time low, inflation is at an all time high and Obama wants to tariff China? Obama is a buffoon extraordinaire.
12
posted on
09/11/2009 7:23:21 PM PDT
by
doc1019
(Obama? Not so much.)
To: airborne
So it appears that China is the only country Obama hasn't apologized to so far. Israel.
To: Orange1998
And how long before China calls in our loans???
14
posted on
09/11/2009 7:24:13 PM PDT
by
EagleUSA
To: Orange1998
Smoot Hawley anyone? Second shoe incoming.....
15
posted on
09/11/2009 7:24:21 PM PDT
by
Uriah_lost
(Is there no balm in Gilead?....)
To: doc1019
The biggest problem is I need two new front tires.
16
posted on
09/11/2009 7:25:17 PM PDT
by
UCANSEE2
(Where's this tagline thing everyone keeps talking about?)
To: Uriah_lost
Second shoe:
HALT ALL CHINESE IMPORTS.
Just do it. Now.
To: Orange1998
For a study on the last time the gubermint tried to help the steelworkers, read
Economic stupidity.
18
posted on
09/11/2009 7:28:05 PM PDT
by
NonValueAdded
("The President has borrowed more money to spend to less effect than anybody on the planet. " Steyn)
To: Orange1998
Having been signatory to labor contracts for ovewr 40 years I do my best to never buy anything that is union made!
19
posted on
09/11/2009 7:28:44 PM PDT
by
dalereed
To: Orange1998
No Free Trade for thee ... the Obamaloonatic hath spoken ...
20
posted on
09/11/2009 7:28:56 PM PDT
by
webschooner
(First they ignore you, then they laugh at you, then they fight you, then you win -- Mahatma Gandhi)
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