Obama tyre tariffs reject growth, progress and credibility for vested interests
Monday, September 14, 2009
President Obama's decision to implement a 35 per cent tariff on Chinese tyres is predictably being branded as all sorts of lovely things--especially by the infinitesimally small number of workers who might benefit in the short term from the tariff. Yet the reality is that Obama's first deliberate ruling on trade as U.S. President sets a terrible precedent for American trade policy over the next four years--and invites a wave of sweeping retaliatory trade barriers against American exports in the days, weeks, months, and even years to follow.
Read the full article here: http://freedomtotrade.org/news/obama-tyre-tariffs-reject-growth-progress-and-credibility-vested-interests