Monday, September 14, 2009

Tire tarrif

http://www.msnbc.msn.com/id/32808731/ns/business-world_business/




Obama put a tarrif on car and light truck tires coming from China into the United States because it was hurting American producers. Some of the tire plants in the United States were closing from not making enough money. Though he went with lower penalties it will probably still make the Chinese mad. This could start a trade war as China is already targeting imported chicken meat and unloading tires ahead of what Obama had planned. The Obama administration is enforcing trade laws to keep an open and free trading system and also getting support from the labor union which he needs for his national health care program.

I think it is good that Obama put the tarrif on the tires from China because they shouldn't be able to get all of our business. China shouldn't even be trying to get even because they are the ones starting the trade problems and if they do start a trade war we will lose even more business and more people will probably lose their jobs. Something needs to be done to keep the trading equal for everyone so everyone can make money and keep their jobs. I like the fact the Obama administration is enforcing the trade laws because it will probably keep things more even.

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