WASHINGTON – President Barack Obama's decision to impose trade penalties on Chinese tires has infuriated Beijing at a time when the U.S. badly needs Chinese help on climate change, nuclear standoffs with Iran and North Korea and the global economy.
China condemned the White House's announcement late Friday as protectionist and said it violated global trade rules. At home, the punitive tariffs on all car and light truck tires coming into the U.S. from China may placate union supporters who are important to the president's health care push.
Chen Deming, China's minister of commerce, said the penalties would hurt relations with the U.S. A ministry statement said Obama had "compromised to the political pressure of the U.S. domestic trade protectionism."
"The Chinese government will continue to uphold the legitimate interests of China's domestic industry and has the right to take corresponding measures," Deming said.
Obama had until this coming Thursday to accept, reject or modify a U.S. International Trade Commission ruling that a rising tide of Chinese tires into the U.S. hurts American producers. The United Steelworkers blames the increase for the loss of thousands of American jobs.
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11 comments:
can this idiot president do anything right oh and i know we havent gave him a chance yet lol how long does he need the whole 4 years
msl
At this point, Obama would be better off not making any policy decisions. Every time he chooses a policy, he gets it wrong.
The "Union" tire workers are just plain non-competitive. Trying to protect their over paid jobs is wrong for the U.S. and will hurt international trade in manny ways.
As bad as it is loosing jobs to overseas companies, the "Union" workers would rather kill their employers than become competitive.
This is a secret plot to make them stop sending them danged scooters over here!
Joe Biker
This sure pissed off a lot of republicans investing in and selling these tires.
We should stop all trade with china.
sorry rich republicans getting rich off this type of dealings.
Of course this will never see the site, another albero block.
China is the worlds true "super power" today. We & (Mal-Mart) helped put them there. What do you think will happen when we cant pay our debts to them???
Hey 11:08
Get with the times, it's the Dumbocrats that are in bed with big business.
1. Obama takes over GM and Chrysler.
2. Obama takes over AIG
3. Obama is trying to take over medical insurance, and makes secret deals with phamacuticals
4. Obama has close ties with GE and will ram through Cap and Trade which will kill the economy and help GE.
11:08 Your statement is absurd!
Hey 11:08 AM, tell me you never buy anything at Wal-Mart. Besides, us rich republicans buy new cars from Japan, not tires from China.
Are Union bosses rich Republicans? Stupid libtard, this was a payback to the Unions in exchange for $$$$ and muscle to get Demonrats elected. Get your facts straight 1108.
Buy American, check the labels! We can do this ourselves and do not need gov't interference if we all check labels before buying. You do it, I do it, encourage our friends and family to do it...do the research and see where the majority of the product your buying is manufactuered.
Ok, I'm a free market guy, but, and I can't believe I am going to say this, I know that I am going to take mucho heat from the AFP'ers, oh man...here goes...
Obama got this right.
Workers live in China on pennies a day. Until trade is REALLY fair, we need to account for societal differences, no epa standards in China, no OSHA in China, and a poor standard of living over there all combine to make it impossible for the first world to compete with the third in many ways.
Let me put on the asbestos suit while the SBY KOS folk shower me with hairy bearded kisses.
Guys, I fear this for one reason. You pi$$ off the Chinese, they dump mega bucks of treasury bonds into the international market, and your toilet paper will be worth more than those dollar bills in your pocket!
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