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Trade War?
Economic Policy Journal ^ | September 12, 2009 | Robert Wenzel

Posted on 09/13/2009 10:22:08 AM PDT by Need4Truth

Is this the first step in what will become a full-fledged trade war?

The Obama administration will put steep import duties on Chinese passenger and light truck tires, responding to what the U.S. International Trade Commission determined to be a surge of Chinese tire exports.

The U.S. has announced a 35% import tariffs on tires from China, which would decline to 30% in the second year and 25% in the third.

At the risk of throwing a major wrench in global trade, Obama again reaches out to provide government muscle to prop up his union allies.

(Excerpt) Read more at economicpolicyjournal.com ...


TOPICS: Business/Economy; Government
KEYWORDS: china; economy; obama
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Now this on Bloomberg:

"China to Probe Alleged ‘Dumping’ of U.S. Auto, Chicken Products"

http://www.bloomberg.com/apps/news?pid=20601087&sid=a5QHqHNJH_v8

1 posted on 09/13/2009 10:22:08 AM PDT by Need4Truth
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To: Need4Truth

COMMENCE THE TRADE WAR.


2 posted on 09/13/2009 10:22:42 AM PDT by Cringing Negativism Network (PALIN / BECK 2012.)
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To: Need4Truth

OK Obama just don’t complain when China decides not to buy anymore US debt


3 posted on 09/13/2009 10:25:55 AM PDT by ari-freedom (Fiscal conservatism without social conservatism is dead.)
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To: Cringing Negativism Network

Indeed... And the impact of this tariff will be the hurt jobs (retail tire sales, automotive service departments, etc.) vs. the few manufacturing jobs that will be helped.

This is what happens when we elect socialists to run the country.


4 posted on 09/13/2009 10:25:59 AM PDT by ReleaseTheHounds ("The demagogue is one who preaches doctrines he knows to be untrue to men he knows to be idiots.")
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To: Need4Truth

Bring it on!!! lol

All they have to do is stop buying our treasuries, and our government is screwed!


5 posted on 09/13/2009 10:26:10 AM PDT by KoRn (Department of Homeland Security, Certified - "Right Wing Extremist")
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To: Cringing Negativism Network

I wonder how China will react to the trade war the Obama administration has started.

All China has to do is call in our debt and we are screwed.


6 posted on 09/13/2009 10:26:35 AM PDT by Ev Reeman
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To: KoRn

If we quit buying Chinese goods then Wal-Mart goes out of business and the Chinese economy tanks. Europe cannot absorb the slack. It also puts China in a situation where their political situation will become rapidly destabilized and if that happens....well, let’s just say things get interesting really fast.


7 posted on 09/13/2009 10:29:06 AM PDT by misterrob (A society that burdens future generations with debt can not be considered moral or just)
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To: ReleaseTheHounds

It’s not that simple.

This is what happens which RINO “free traders” sell America’s industrial might to a massive communist country intent on ending American power.

Throw out the RINOs. End imports from countries such as China. And start standing up for American jobs.

Republicans are every bit as much to blame, as Democrats, for what has happened. Perhaps even more so.

What’s ironic is, the process of firing Americans to export our best jobs - is what has changed the voter demographic and allowed socialists to seize power in America.

When Americans lose their good jobs to outsourcing, and end up working at some burger-flipping something or other - they stop being Reagan Democrats - and turn into angry Obama Democrats.

The problem is RINOS. And the problem is “free trade”.

BRING ON THE TRADE WAR.


8 posted on 09/13/2009 10:31:46 AM PDT by Cringing Negativism Network (PALIN / BECK 2012.)
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To: misterrob

I will be VERY SURPRISED if the Chicoms do not use this opportunity to invade Taiwan.

How will the Japanese react?

Damn, if this does not remind me of the 1930s complete with Il Douche as our fascist leader and a world wide trade war brewing!


9 posted on 09/13/2009 10:33:58 AM PDT by darth
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To: misterrob

Oops, typo. I meant “Il Duce” instead of “Il Douche” is our leader. The guy really reminds me of Mussolini with his temper and arrogant narcissism.


10 posted on 09/13/2009 10:35:53 AM PDT by darth
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To: Cringing Negativism Network

Didn’t you hear?

Americans in unions = bad.

Chinese Slave Owners = good.

Class warriors idealize other class warriors in different countries.

The quickest way to identify a class warrior is their proclamations against others as class warriors.

I think they regret Mommy and Daddy did not have the money to join the country club.


11 posted on 09/13/2009 10:38:26 AM PDT by Shermy (Space For Rent)
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To: KoRn

They would never do us that big of a favor.


12 posted on 09/13/2009 10:38:40 AM PDT by screaminsunshine (!!)
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To: Cringing Negativism Network

The one thing that has caused the erosion and abandonment of American jobs is labor unions. There are many other factos but this one is the standout extraordinaire.


13 posted on 09/13/2009 10:43:01 AM PDT by Ev Reeman
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To: Cringing Negativism Network

The one thing that has caused the erosion and abandonment of American jobs is labor unions. There are many other factos but this one is the standout extraordinaire.


14 posted on 09/13/2009 10:43:11 AM PDT by Ev Reeman
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To: Shermy

I think there are only two possible explanations for so-called “free traders” fascination with outsourcing to China.

1) Abject greed.

2) Utter lack of awareness of just how big an existential threat, an industrial powerhouse China, poses to an ever-less industrial America.

(or both)


15 posted on 09/13/2009 10:44:55 AM PDT by Cringing Negativism Network (PALIN / BECK 2012.)
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To: Ev Reeman

and next...the invasion of Taiwan. Just lovely.


16 posted on 09/13/2009 10:52:21 AM PDT by ari-freedom (Fiscal conservatism without social conservatism is dead.)
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To: Shermy
Americans in unions = bad.

worse than bad
17 posted on 09/13/2009 10:57:21 AM PDT by ari-freedom (Fiscal conservatism without social conservatism is dead.)
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To: ari-freedom

Yes.

I see the possibility of the following scenario.

1. China calls in our debt.

2. We cannot pay. This weakens our country even more economically and we are financially wiped out. We cannot get money from anywhere and other countries who are experiencing their own economic catastrophes will not help us or cannot help us.

3. In such a weakened US position, China then invades Taiwan giving no warning.


18 posted on 09/13/2009 10:58:45 AM PDT by Ev Reeman
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To: ReleaseTheHounds
Indeed... And the impact of this tariff will be the hurt jobs (retail tire sales, automotive service departments, etc.) vs. the few manufacturing jobs that will be helped.

Do the Chinese made tires cost less than the tires made in the U.S. by union members??? Even tho they cost far, far less to produce??? Nope...

And how many American have lost their jobs permanently just since Obama took over??? And you think it's bad that Americans will go back to work, even tho the majority will work for non union tire company suppliers???

19 posted on 09/13/2009 10:59:11 AM PDT by Iscool (I don't understand all that I know...)
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To: ari-freedom

Duncan Hunter 2012.

Because RINOs are the real problem.


20 posted on 09/13/2009 10:59:53 AM PDT by Cringing Negativism Network (PALIN / BECK 2012.)
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