Posted on 09/13/2009 3:14:23 PM PDT by Lou Budvis
A full-blown trade row erupted on Sunday night between the US and China after Beijing accused Washington of “rampant protectionism” for imposing heavy duties on imported Chinese tyres and threatened action against imports of US poultry and vehicles.
Trade relations between two of the world’s biggest economies deteriorated after Barack Obama, US president, signed an order late on Friday to impose a new duty of 35 per cent on Chinese tyre imports on top of an existing 4 per cent tariff.
(Excerpt) Read more at ft.com ...
-trade war between-
Between the labor cartels and the American consumer, Obama sides with the cartels. Shocking.
Don’t forget he tariff the steel too.
35 percent? Yeah, that’s not going to tick anyone off!
And so we get what we (meaning those who voted for him) deserve.
God bless this country.
God bless the Republic.
What the heck are “Chinese Tyres”???
Obama is perposely starting a trade war it appears, appeasing the steelworkers union.
"The U.S. placed tariffs starting at 35 percent on $1.8 billion of tire imports from China, backing a United Steelworkers union complaint against the second-largest U.S. trading partner. http://www.bloomberg.com/apps/news?pid=20601087&sid=a9igRzOC55wE
Or do they really believe that a trade war would help right now?
Then the US will retaliate...
Liberals don’t think.
The Great Depression was caused, in part, by economic protectionism. So now the Dumocrats want to risk ANOTHER Great Depression by staring trade wars.
1. Stupid and blind catering to Labor Unions or
2. Intentional to seize power and form a Stalinist dictatorship.
You decide.
That will really do all the American companies making billions exporting to China well, won't it.
Kiss another million jobs goodbye.
Let’s not forget -—> AIG Brouhaha Takes Focus Off Real Issues
By CHARLES KRAUTHAMMER | Posted Thursday, March 19,
If you thought the AIG hysteria was a display of populist cynicism directed at a relative triviality, consider this:
There are more than 6.5 million trucks in the United States. The program Congress terminated allowed 97 Mexican trucks to roam among them. Ninety-seven!
Shutting them out not only undermines NAFTA. It caused Mexico to retaliate with tariffs on 90 goods affecting $2.4 billion in U.S. trade coming out of 40 states.
The very last thing we need now is American protectionism. It is guaranteed to start a world trade war. A deeply wounded world economy needs two things to recover: (1) vigorous U.S. government action to loosen credit by detoxifying the zombie banks and insolvent insurers, and (2) avoidance of a trade war.
Free trade is the one area where the world indisputably turns to Washington for leadership. What does it see? Grandstanding, parochialism, petty payoffs to truckers and a rush to mindless populism. Over what? Over 97 Mexican trucks — and bonus money that comes to what the Yankees are paying for CC Sabathia’s left arm.
http://www.ibdeditorials.com/IBDArticles.aspx?id=322353578201727
Mexico releases list of U.S. products that will see higher tariffs
http://www.freerepublic.com/focus/f-news/2209593/posts
tit for tat.
Then they stop buying our debt.
Then we say we’ll never pay them back.
Then WW3 can start.
Then tuna fish live happily ever after.
I know this is strange - but I actually think it’s “stupid”. Did you see what I wrote about Newsweek? They’re not making enough money because not enough people will pay the $37 a year to subscribe - so they’re raising the price. I’m suggesting $500 an issue so they can all vacation more... So yeah - even though this was tried at the beginning of the last great depression - dems will do it again, hoping for a different outcome. It’s “stupid”...
Congress pushed through the Consumer Products Safety Improvement Act (”CSPIA”) which is causing the needless destruction of billions of dollars of goods and crippling whole industries.
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