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Tire tariffs show another cost of cap and trade: Free trade
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| Contributor | Jason |
| Last Edited | Jason Sep 17, 2009 03:15am |
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| Category | General |
| Author | Timothy P. Carney |
| News Date | Wednesday, September 16, 2009 09:00:00 AM UTC0:0 |
| Description | Climate change legislation will impose many costs on U.S. families. Now you can add more expensive tires to the list.
Congressional leaders and the White House have cut many deals to win backers for the push to curb greenhouse gas emissions, and President Obama's imposition of tariffs on Chinese-made tires looks like the latest sweetener in this great honey pot of a proposal. But it's also the latest hit to the wallet of the American consumer, who will now pay more for his tires.
Obama has invoked Section 421 of U.S. trade law -- a flexible rule allowing the president to impose tariffs on specific imports if a "surge" in those imports has created a "market disruption" for U.S. manufacturers -- to slap tariffs on tires made in China.
Presidents have used this provision selectively, and always with some political angle in mind. Considering that with this move Obama is wounding U.S. automakers by making tires more expensive, it's worth asking why he did it. |
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