Bloomberg: China Government ‘Strongly Opposes’ U.S. Tire Tariff Imposition
September 12th, 2009
This is interesting. This is the first protectionist move that the Obama administration has made with respect to China. I wonder if it is being done as a one off to appease the Steal Workers Union or as a broader policy. We will need to watch what if anything the Chinese do in response. The biggest headwind facing the Chinese economy now is exports. An increase in trade barriers is not helpful to a Chinese (or American) recovery.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aDaADw2buNgg