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The Obama Administration Imposes Stiff Tariffs on Imported Chinese Tires

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Krista Davenport
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« on: October 20, 2011, 12:00:57 am »

The Obama Administration Imposes Stiff Tariffs on Imported Chinese Tires
Travis's picture
Submitted by Travis on 09/12/2009 00:56 -0400



The Obama administration will impose stiff tariffs on imports of Chinese-made tires after finding that a surge of imports has disrupted the U.S. domestic market.

(Wow, you really think Chinese imports have disrupted the U.S. domestic market?)

President Barack Obama signed an order on Friday to impose the special punitive tariffs for three years.  This action is the first major trade enforcement action of his administration and comes less than two weeks before the high-profile summit of the leaders of the "Group of 20" nations, including China.

This is the first time the U.S. government has imposed a special "safeguard" provision to protect a U.S. industry from Chinese competition.

"The president decided to remedy the clear disruption to the U.S. tire industry based on the facts and the law in this case," notes White House spokesman Robert Gibbs said in a statement.

Taking effect in fifteen days, the tariff will be 35% in its first year, falling to 30% in the second year and 25% in the third. These tariffs will be on top of the current 4% tariff.

U.S. imports of Chinese tires have risen, almost tripled, from 14.6 million in 2004 to 46 million last year; about one-sixth of the U.S. market. Four U.S. tire plants have closed in the past two years alone, and more than 5,000 domestic workers have lost their jobs.

The United Steelworkers Union had complained to the U.S. International Trade Commission about the disruption. The ITC had originally recommended a stiffer 55% tariff for the first year, 45% the second and 35% the third.  And of course, the Chinese government objected to the tariffs entirely.

China claims these duties would be a violation of global free-trade principles and a clear sign of U.S. protectionism, a topic Obama too has spoken-out strongly against.

"This administration is doing what is necessary to enforce trade agreements on behalf of American workers and manufacturers," says U.S. Trade Representative Ron Kirk.  Further, "Enforcing trade laws is key to maintaining an open and free trading system."

Kirk also notes that China had agreed its trading partners could impose such sanctions when it entered the World Trade Organization.

Ponder and discuss.  This could get interesting.  Obama needs to placate the domestic labor unions for his reformed healthcare agenda, yet needs China's support, notably in nuclear standoffs with Iran and North Korea.  Lest we not forget, China is the world's third largest economy and a veto-holding member of the UN Security Council.  Oh, and what about the massive amounts of U.S. Treasury debt China currently holds?

Personally, I see the makings of a trade war, among other things.  With much at stake.  Trade aside.


http://www.zerohedge.com/article/obama-administration-imposes-stiff-tariffs-imported-chinese-tires
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Volitzer
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« Reply #1 on: October 20, 2011, 05:55:00 pm »

Oh now Obama wantd to do the will of the people in his last year as President so he can get re-elected.   Roll Eyes
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Krista Davenport
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« Reply #2 on: October 20, 2011, 10:48:37 pm »

Did you even read the article?  This happened two years ago, in September of 2009.  He's done a lot of good, you're just too biased to give him credit for any of it.
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Volitzer
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« Reply #3 on: October 21, 2011, 04:48:10 pm »

Campaign crumbs is all.

GE leaves USA
 
General Electric is planning to move its 115-year-old X-ray division from Waukesha, WI, to Beijing. In addition to moving the headquarters, the company will invest $2 billion in China and train more than 65 engineers and create six research centers. This is the same GE that made $5.1 billion in the United States last year, but paid no taxes-the same company that employs more people overseas than it does in the United States.
 
So let me get this straight. President Obama appointed GE Chairman Jeff Immelt to head his commission on job creation (job czar). Immelt is supposed to help create jobs. I guess the President forgot to tell him in which country he was supposed to be creating those jobs.
 
If this doesn't show you the total lack of leadership of this President, I don't know what does.  Please pass this information to others and think about it before you buy a GE product.
 
 
 
 
http://news.businessweek.com/article.asp?documentKey=1376-LOUVYE1A74E901-5NJ1IVKV8LVLITS4VGNO46MQH9
 
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Krista Davenport
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« Reply #4 on: October 21, 2011, 10:49:45 pm »

Actually, that is wrong, you have your facts wrong, as usual.

GE Healthcare X-Ray Division

At the end of July, GE Healthcare announced it would move 4 executives of the X-Ray Division to China to lead the development of specific products for use in China. Subsequent media reports inaccurately described the announcement – GE is not moving its entire X-Ray Division to China. The team on the ground in China will develop X-Ray products suited to the specific needs of the Chinese market: for example, Chinese hospitals in rural markets require very basic products. This on the ground business development will help support jobs at home.

GE’s overall business in China—across all divisions—will support nearly 4,500 American jobs, including those along GE’s U.S. supply chain.

http://www.gereports.com/ge-and-china-growing-market-overseas-more-jobs-at-home/

GE is adding 125 new workers at the Greenville plant this year, part of an overall addition of 6,500 manufacturing staffers in the United States since 2009.

http://www.gereports.com/ge-and-china-growing-market-overseas-more-jobs-at-home/
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Krista Davenport
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« Reply #5 on: October 21, 2011, 11:00:24 pm »

You know how I knew that report you came up with was wrong?  YOU printed it! By the way, as discussed before, outsourcing did not start with Obama, nor is it going to end with him either, unless Congress moves to change these tax loopholes which encourage companies to move their jobs overseas.
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Volitzer
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« Reply #6 on: October 24, 2011, 12:08:31 pm »

Yeah and when Democrats held the majority in both Houses did they move to END the FED, and the tax incentives that reward outsourcing and offshoring ?

NO !!!!!!!!!!
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Krista Davenport
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« Reply #7 on: October 24, 2011, 11:26:42 pm »

No, because they didn't hold both houses for long enough and when they did, they were too busy working on getting health care passed to do anything else.  That's more than the Repugs, the Constitution Party and the Libertarian Party have ever done.  What have any of those parties done for anyone but the rich?
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Volitzer
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« Reply #8 on: October 26, 2011, 11:48:13 am »

The Constitution & Libertarian Parties have never had the opportunity to do anything for the country.  Why you lump them in with the Republicans is quite dusgusting.
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Krista Davenport
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« Reply #9 on: October 26, 2011, 11:21:51 pm »

Dude, all they are is ex-Republicans who were, for the most part, embarrassed by Bush. Same thing as the Tea Party:  all of you do the bidding of the rich, whether you want to admit it or not.
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