Monday, September 14, 2009

China Reacts Quickly and Badly to Tire Tariffs

A Naked Capitalism post, "China Reacts Quickly and Badly to Tire Tariffs."
It would be better if we were not proven correct on this one, but when the US imposed stiff tariffs on imported tires from China late on Friday, we noted, “This could get interesting in a bad way.” The Chinese responded quickly over the weekend to announce they were investigating US auto parts and chicken, which together account for roughly as much as the disputed tires ($1.2 billion versus $1.3 billion for tires).
The complete Naked Capitalism blog post is available here.

My previous post on the US tire tariff, "A Bad Day For American Consumers."

No comments:

Post a Comment