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 ...
You’re right.
The Baraqqis are depending on China to fund their monster deficits.
Without the Chinese funding, any guesses what interest rates would jump to?
**hides eyes**
I don’t want to know
no it’s a British to American car term xref
something one buys in an english shoppe
buy stock in cooper tire and replace your tires SOON even if they are not completely worn out.
distributors will raise prices before this even goes into effect-like gas prices.
I’ll take door number 2. There truly is no other explanation for this madness.
Its a tax, pure and simple on every American that drives, or buys anything delivered br truck.
This and other things like it that Zero implements will quickly drive up inflation, and that will bail out the banks (nearly all of which are insolvent) holding millions of home and commercial loans that are underwater.
What is worse is US tire companies selling their name to crappy Chinese-made tires. I’ve had eight (two sets)of “Tiger Paw” tires sold by BJ’s Wholesale fail after 5,000 miles. Tred came off, side walls cracked. I protested to BJ’s and the manager told me to get lost.
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