Monday, September 14, 2009

Another Bad Decision

Want to start a trade war? Bend to political pressure from unions and put a 35% duty on some small item and see what the other side does.

That's exactly what our President decided to do in a little-noticed move late last week when he put the duty on Chinese made tires in response to pressure from unions in this country.

Surprise, surprise. China is now studying two categories of American products for possible dumping duties.

This is how trade wars start. And, they don't end well.

Bad move, President Obama.

No comments:

Post a Comment