Obama backs his union buddies at cost of relations with China (again)
We've already had the stink about the tire tax Obama imposed on Chinese imports, which seriously annoyed the Chinese. So what can he do for an encore? I know ... another tariff on Chinese goods at the request of his union backers.
The US Commerce Department has imposed anti-dumping tariffs of up to 99 percent on imports of Chinese tubular goods."As could be expected, the Chinese are less than impressed.
The Chinese commerce ministry said that China "firmly opposes the abuse of protectionism and will take measures to seriously protect the interests of the domestic industry." It called the US tariffs "discriminatory" steps that would "have a serious impact on the Chinese steel industry's exports."So who is happy about it?
United Steelworkers (USW) union hailed the move as "an overdue message for thousands of American laid off workers that trade laws are being enforced."There's a surprise.
Seriously ... the Obama Regime are a pack of moronic amateurs. Obama is going to China in less than two weeks. Couldn't they have at least waited? I guess they think the Chinese will be overwhelmed by Obama's sparkling personality? Good luck with that.
[Update] But wait: there's more! It's even worse than I thought.
The U.S. Commerce Department said on Tuesday it would impose punitive tariffs ranging from 2.02 percent to 437.73 percent on imports of steel wire decking from China.And the Chinese come right out and say it: The United States is acting the part of the hypocrite.
It is hardly a week after Washington pledged actions against trade and investment protectionism at the 20th China-U.S. Joint Commission on Commerce and Trade (JCCT) talks in China's eastern city of Hangzhou. The United States vowed to refrain from any new trade protectionism measures at the event...So to summarize: the Chinese government controlled Xinhua news agency has just said that Barack Obama is irresponsible, weak, gutless, short-sighted, a liar, doesn't understand economics, and is putting the recovery at risk. Those inscrutable orientals. It's so hard to figure out what they're thinking.
Trade protectionism is a poison, which, if not properly handled, will reverse the first signs of world economic recovery. The United States, as the world's major economy, should take the lead in advocating responsible trade policies. Recent protectionist moves in the United States are closely linked to its sluggish economic growth and domestic political tussles, but a strong leader should have the guts to be more far-sighted and deliver the pledge he or she has made.
