Quote:
Originally Posted by ronmcdon
Imposing tariffs on foreign countries isn't going to do squat,
other than perhaps win over some union votes when election time comes along.
Even if the Obama admin had to create publicity,
they could have done so against the interests of a less influential power.
(i.e. Clinton imposing Tariff on Japanese car parts, Bush on German steel).
It's one thing to play with petty politics (everyone does it).
It's quite another to be strategic about it.
I just hope this isn't an ongoing trend.
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U.S. Steel Files Complaint Against Chinese Steel Pipe (Update2) - Bloomberg.com
Quote:
U.S. Steel Files Complaint Against Chinese Steel Pipe (Update2)
By Mark Drajem
Sept. 16 (Bloomberg) -- U.S. Steel Corp. asked the U.S. Commerce Department to impose dumping and anti-subsidy duties of as much as 90 percent on some steel pipe imports from China, five days after the Obama administration set tariffs on Chinese tires.
The petition was filed today with the U.S. International Trade Commission against $400 million in imports of pipes used in chemical, petrochemical, refineries and related operations, according to Roger Schagrin, a lawyer for the U.S. producers. The U.S. imposed tariffs this month on a different type of steel pipe from China in a separate case.
Analysts in recent days have said that Obama’s decision to impose safeguard duties on Chinese tires might encourage more industries to seek penalties against overseas rivals.
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sorry mr. mcdon, the 'wah wah we need protectionism' trend appears to be ramping up into full swing.
its called 'moral hazard', no one in D.C. knows what that means anymore