Obama's Tire Tariff Will Hurt the Poor the Most

Discussion in 'Economy' started by Toro, Sep 14, 2009.

  1. Toro
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    Toro Diamond Member

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    Why? Because the tariff is on the cheapest tires, which aren't purchased by people who drive Lexus's or BMW's.

    Tariff on Tires to Cost Consumers - WSJ.com

    The tariff was opposed by tire retailers because it takes money away from them.

    China angered by US tariffs on tires -- Shanghai Daily | 上海日报 -- English Window to China New

    Leftist economist Greg DeLong explains why the tariff is a bad idea.

    Barack Obama Does Something Really Stupid: Tire Tariffs

    The tariff will benefit the few at the expense of the many. It is essentially a transfer from the poor and lower middle class to the middle class. It is bad policy.
     
  2. Modbert
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    Modbert Daydream Believer Supporting Member

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    I'm honestly not surprised by this.
     
  3. Mr Clean
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    Mr Clean Gold Member

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    Cheap shit tires from Communist China.

    Exactly what America needs.
     
  4. Modbert
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    Modbert Daydream Believer Supporting Member

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    The low and middle class are fucked either way.

    Support this, get fucked in prices in a bad economy where millions have lost their jobs.

    Don't support this, continue to watch American jobs turn into dust in the wind.

    Personally, I still don't think this tariff should continue.
     
  5. eagleseven
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    eagleseven Quod Erat Demonstrandum

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  6. Supposn
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    Supposn VIP Member

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    Toro, both the quality and price of products are affected by the time and quality of labor that was devoted to the products. (Note; differing quality of labor command differing wage rates).

    The price advantages of imports from lower-wage nations exist even among their mass-produced products; labor’s required to create and maintain the mass production tools, assembly lines and infrastructures to support the production of goods].

    Individual persons and enterprises derive direct financial benefits when they (correctly) choose to purchase imported goods.

    Although individual purchasers benefit, a nation’s annual trade deficits AlWAYS “drag” upon their nation’s GDP and numbers of jobs; (i.e. annual trade deficits are always net detrimental to their economies).

    All USA purchasers benefit due to any imports’ superior values per dollar, but those advantages do not compensate for our chronic annual trade deficits effects upon employees, their dependents, and all others to any extent they’re dependent upon enterprises that are themselves dependent upon the purchasing powers of USA employees and their families.

    Respectfully, Supposn
     
  7. EdwardBaiamonte
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    EdwardBaiamonte Platinum Member

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    Its what I needed!!! Sumotomo tires rated and 190 MPH at less than half price of Michlin and Perilli with better wear ratings!!
     

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