Obama imposes tariffs on Chinese tires

[DainBramaged]

Obama had until Sept. 17 — next week — 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. A powerful union, United Steelworkers, blames the increase for the loss of thousands of American jobs.

The federal trade panel recommended a 55 percent tariff in the first year, 45 percent in the second year and 35 percent in the third year. Obama settled on slightly lower penalties — an extra 35 percent in the first year, 30 percent in the second, and 25 percent in the third, White House press secretary Robert Gibbs said.

The U.S. trade representative's office said four tire plants closed in 2006 and 2007 and three more are closing this year. During that time, just one new plant opened. U.S. imports of Chinese tires more than tripled from 2004 to 2008 and China's market share in the U.S. went from 4.7 percent of tires purchased in 2004 to 16.7 percent in 2008, the office said.

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

'bout time we leveled the playing field.

[eleny]

1. I heard on NPR this morning that the Chinese "condemned" the action

But it was pointed out that the tariff is allowable within the trade agreement because the flood of Chinese tires into the States has caused a disruption in U.S. jobs.

[DainBramaged]

2. But it's OK for them to flood our markets, stupid bastards.

[eleny]

5. yup

[madrchsod]

3. maybe this plant will go back into production...

we had to buy two new 50 dollar chinese tires on the used car we bought,not bad tires but nothing special. my daughter bought 4 new bf goodrich tires for her car car--55 dollar each with installation and are far superior than the chinese tires.

now if we can get more tariffs on chinese products maybe we can go back to work...

someone should look at india`s contribution to the loss of manufacturing ....tata

[DainBramaged]

4. We will no longer sell cheap Chinese tires, not because of bias

but because they are shit. Hard to balance, obvious surface defects, shoddy, period.