President Barack Obama has decided to slap punitive tariffs on all car and light truck tires entering the United States from China.
Accordingly, Obama sides with the United Steelworkers and against free trade interests within and outside the government.
This is a risky economic and foreign policy strategy. Increasing Chinese imports of American chicken meat already have been mentioned by Chinese state media as a possible retaliatory target. Also, Beijing could sell some of its extensive holdings of U.S. Treasury debt.
A recent Washington Post editorial opposed Chinese tire sanctions.
No comments:
Post a Comment