September 14, 2009
TRADE WAR: Obama & USW vs China & the American Consumer
Attention Walmart shoppers: all tires at twice the price!! Late Friday President Obama proclaimed that additional duties on Chinese tires would be imposed although the top rate of the tariff was reduced to 35%. With this move Obama sets the stage for a difficult time in China trade for the rest of his (first?) term in office. After 2013 the USA will lose the ability to protect American industries from Chinese imports according to the 2000 China Trade Relations Act. Obama has clearly sided with his union constituents - the complaints originate with the United Steelworkers Union - and short term political gain. How hard will Beijing's Tit be for this Tat?....
Labels: foreign relations, foreign trade, free trade, wto
# posted by Sinomania! : 9/14/2009 08:32:00 AM
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HA HA HA AMERICA BEIJING LAUGH PLAY WAITING GAME LET FOOLISH AMERICANS PAY MORE FOR LESS THAN FLOOD MARKET AFTER 2013 WITH SAME SHIT MORE PRICEY. AMERICANS WAKE UP SMELL GREEN TEA WHOLE SECTION OF MANUFACTURING WILL DISAPPEAR IN USOFA ALL CITIZENS DEPENDENT ON MILITARY MOVIES MEDICINE AND DEGREE MILLS THAT IS WHAT WILL BE LEFT OF GREAT NUMBER 1 GDP WHEN ECLIPSE BY RED CHINA THUG COMMUNIST MANDARINS.
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