Import Complaints Being Sent to the White House

Officials with the United Steelworkers union have filed official grievances with the Obama administration, urging the president to enact tariff barriers against future imports of Chinese-made tires.  The union is merely asking that the administration cap imports of Chinese tires at their 2005 level of 21 million annual units less than half of the 2008 total of 46 million units valued at $1.7 billion.

Category:

News & Politics

Tags:

• Obama
• China
• free trade
• fair trade
• economy in crisis
• economic crisis
• imports

[MyDogNameIsMao]

Actually the Chinese has no choice but to buy our Treasury bond. So I am not too worry about the Chinese trying to dump Treasury bonds. They have tried it in 2010 already and they have failed. "free trade" is not what we want... "fair trade" is. China is ripping off America. The way I see is, China is peddling "economic cracks" with cheap / bad products into US market. The more we buy from "made in china", the more we destroy our own economy. Don't buy "made in china".

[LaMontagne1982]

Overregulation, out of control government spending, bailouts, printing trillions of dollars, falsely adjusting interest rates lower, backing bad business debt, backing bad mortgage debt, and now protectionism are going to drive this country the way of zimbabwe (inflationary depression). Sadly only a minority of experts understand this problem which translates into an even smaller minority of american citizens understanding this problem. American's need to swallow the tough medicine.