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Author Topic: US tyre duties spark China clash  (Read 4671 times)

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Offline Chris_

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US tyre duties spark China clash
« on: September 14, 2009, 07:02:09 AM »
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US tyre duties spark China clash

 full-blown trade row erupted between the US and China after Beijing accused Washington of “rampant protectionism” for imposing heavy duties on imported Chinese tyres and threatened action against imports of US poultry and vehicles.

Trade relations between two of the world’s biggest economies deteriorated after Barack Obama, US president, signed an order late on Friday to impose a new duty of 35 per cent on Chinese tyre imports on top of an existing 4 per cent tariff.

In his first big test on world trade since taking office in January, Mr Obama sided with America’s trade unions, which have complained that a “surge” in imports of Chinese-made tyres had caused 7,000 job losses among US factory workers.

Chen Deming, China’s minister of commerce, condemned the decision, saying that it “sends the wrong signal to the world” at a time when Washington and Beijing should be co-operating to deal with the worst economic and financial crisis in decades.

“This is a grave act of trade protectionism,” Mr Chen said in a statement. “Not only does it violate WTO rules, it contravenes commitments the US government made at the [April] G20 financial summit.”

I think they're talking about tires, not tyres.  Anyhow, it should entertaining to watch Teh Rookie spin this with the Chinese.

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Offline thundley4

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Re: US tyre duties spark China clash
« Reply #1 on: September 14, 2009, 07:19:56 AM »
Dear Leader is letting his debt to the unions cloud the realities of trade laws.  I like how he threatens to go to the WTO if China retaliates.  There wouldn't have been a "surge of imports", unless there was a demand for the tires made in China.
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Offline Chris_

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Re: US tyre duties spark China clash
« Reply #2 on: September 14, 2009, 07:28:52 AM »
Quote from: thundley4 on September 14, 2009, 07:19:56 AM
Dear Leader is letting his debt to the unions cloud the realities of trade laws.  I like how he threatens to go to the WTO if China retaliates.  There wouldn't have been a "surge of imports", unless there was a demand for the tires made in China.
I wonder if Chinese tires are radioactive.
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Offline thundley4

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Re: US tyre duties spark China clash
« Reply #3 on: September 14, 2009, 07:34:28 AM »
Quote from: lug-nut on September 14, 2009, 07:28:52 AM
I wonder if Chinese tires are radioactive.

I heard that they may be made from recycled chewing gum.
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Offline Flame

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Re: US tyre duties spark China clash
« Reply #4 on: September 14, 2009, 07:37:57 AM »
Frankly, I'm ok with not letting anything made by the chinese into our country... their track record is pretty sucky on safety and quality.
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Offline Chris_

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Re: US tyre duties spark China clash
« Reply #5 on: September 14, 2009, 07:38:20 AM »
Quote from: thundley4 on September 14, 2009, 07:34:28 AM
I heard that they may be made from recycled chewing gum.
...mixed with Soylent Green.
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Offline Gratiot

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Re: US tyre duties spark China clash
« Reply #6 on: September 14, 2009, 09:52:29 PM »
Quote from: thundley4 on September 14, 2009, 07:19:56 AM
Dear Leader is letting his debt to the unions cloud the realities of trade laws.  I like how he threatens to go to the WTO if China retaliates.  There wouldn't have been a "surge of imports", unless there was a demand for the tires made in China.

The imbalance in tire manufacturing between China and the US is more over environmental regulation than labor.  China is allowed to essentially completely bypass the very expensive environmental controls that we have in the US, Britain, France, EU, and Japan.  Additionally their tire industry is just taking off, and while they've bypassed the environmental control expenses, they haven't entirely bypassed the expense of a modern manufacturing facility.  While in America and Britain, tires are still being routinely manufactured in factories first opened in the 1920's.  Partially due to a lack of capital invested in infrastructure improvements and partially due to the significant EPA restrictions on new emissions.  Competitively priced tires are regularly made in countries with higher labor costs than the US.  Labor isn't the primary issue.
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Offline Celtic Rose

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Re: US tyre duties spark China clash
« Reply #7 on: September 14, 2009, 10:06:11 PM »
Quote from: Flame on September 14, 2009, 07:37:57 AM
Frankly, I'm ok with not letting anything made by the chinese into our country... their track record is pretty sucky on safety and quality.

I'm with you on that.  With all of contamination scares there have been, it seems risky to me. 
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Offline Chris

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Re: US tyre duties spark China clash
« Reply #8 on: September 15, 2009, 11:37:54 PM »
Quote from: lug-nut on September 14, 2009, 07:02:09 AM
I think they're talking about tires, not tyres. 
Tyres are metric, while tires are not. :whistling:
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Online SSG Snuggle Bunny

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Re: US tyre duties spark China clash
« Reply #9 on: September 16, 2009, 09:17:02 AM »
I thought congress was the only authority duly vested with the power to set duties and tariffs?
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Offline Chris_

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Re: US tyre duties spark China clash
« Reply #10 on: September 16, 2009, 10:29:53 AM »
Quote from: Mr Snuggle Bunny on September 16, 2009, 09:17:02 AM
I thought congress was the only authority duly vested with the power to set duties and tariffs?

That was under the OLD reich.  Back when we were a free-market, democratic republic, and the Constitution meant something.  Welcome to the NEW Øbamareich...
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Offline Lleu

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Re: US tyre duties spark China clash
« Reply #11 on: September 21, 2009, 01:34:01 PM »
http://www.comcast.net/articles/news-politics/20090911/US.US.China.Trade/

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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 35 percent the first year, 30 percent in the second and 25 percent in the third, Gibbs said

Sorry to rain on your parade but he's following the recommendations of the USITC.
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Offline RightCoast

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Re: US tyre duties spark China clash
« Reply #12 on: September 21, 2009, 02:39:08 PM »
Quote from: lug-nut on September 14, 2009, 07:38:20 AM
...mixed with Soylent Green.

Lead belted radials?
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Offline docstew

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Re: US tyre duties spark China clash
« Reply #13 on: September 24, 2009, 04:34:10 AM »
Quote from: Lleu on September 21, 2009, 01:34:01 PM
http://www.comcast.net/articles/news-politics/20090911/US.US.China.Trade/

Sorry to rain on your parade but he's following the recommendations of the USITC.

0bama could be following the recommendations of his deity, he doesn't have authority under the COTUS to set duties and tariffs.
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Offline bkg

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Re: US tyre duties spark China clash
« Reply #14 on: October 05, 2009, 12:40:53 PM »
Quote from: docstew on September 24, 2009, 04:34:10 AM
0bama could be following the recommendations of his deity, he doesn't have authority under the COTUS to set duties and tariffs.

This.

Not to mention that this will do nothing but add fuel to the Depression fire... Just like it did in the past. Just sayin.

But if full economic collapse is what you want, then this is a good first step.
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