Showing posts with label China. tire wars. Show all posts
Showing posts with label China. tire wars. Show all posts

Tuesday, September 15, 2009

Now a trade war with China. Great.

This is just what we need during a weak economy, a trade tiff with China.The UAW and the Obama Administration think that they are doing us a favor. Ah, no...they are doing themselves a favor. Yes, union jobs may be saved but others (non-union) like auto retailers will be lost. And since China is now slapping tariffs on chicken parts and auto parts, you can bet that jobs in those industries will be negatively affected. And consumers will have to pay more for goods as this drama escalates while dealing with high unemployment and a weak dollar. This is a train wreck. Larry Kudlow covered this issue nicely on the Kudlow Report. Note that the union lawyer saw no distinction between "protectionism" and being "defensive."


Posted by at 4 comments:
Labels: ,
Subscribe to: Posts (Atom)