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Keyword: tradetariffs

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  • A Protectionist Wave--Obama invites a rush of similar claims with his tariffs on Chinese tires

    09/12/2009 10:27:14 AM PDT · by jazusamo · 56 replies · 1,232+ views
    The Wall Street Journal ^ | September 12, 2009 | Editorial
    The White House leaked word late Friday evening that the U.S. will impose a 35% tariff on imported Chinese tires used by millions of low-income Americans. We wonder if President Obama understands the political forces he's unleashing with this blatant protectionism. Mr. Obama is setting a precedent in the tire case because he is applying a previously unused part of the trade law known as Section 421. This allows U.S. industries or unions to seek protection from "surges" of Chinese imports, with a lower burden of proof than normal antidumping or countervailing duty cases. President Bush nixed the four Section...