China & US Go Toe to Toe
With American President Barack Obama's popularity constantly on the decline because of unpopular remarks and political moves one would think he would lay low for a while. However, as usual I would be completely off as China has struck back at Obama's recent tire tariff. China has laid on the full court press in a stern response to the decision to levy tariffs on tires from China. China's answer is simple; imposing tariffs on American exports of automotive products and chicken meat.
As news of President Obama's tariff on tires hit the Chinese news outlets, the Chinese citizens struck back all over the web calling Obama "shameless" and some pleading for the Chinese government to cash in all of their treasury bonds they have, which couldn't be cashed at this juncture in time by the American government. All of these threats and problems are arising because both governments are facing domestic pressure to take a tougher stance on the other countries economic issues.
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- News Source: Pittsburgh Post-Gazette | 2 months agoImports of Chinese tires for sale by U.S. manufacturers here rose to $1.3 billion for the year through July. Washington reacted last week with a proposed 35 percent tariff. The Chinese screamed, citing the loss of income and a projected 100,000 jobs.
- News Source: Voice of America | 2 months agoChina says it is investigating alleged dumping of U.S. auto and chicken products in the Chinese market, a possible step toward imposing tariffs on these goods. The move comes after the U.S. government imposed tariffs on some Chinese products. China's...
- News Source: International Herald Tribune | 2 months agoChina unexpectedly increased pressure Sunday on the United States in a widening trade dispute, taking the first steps toward imposing tariffs on American exports of automotive products and chicken meat in retaliation for President Obama ’s decision...
- News Source: Epoch Times | 2 months agoThe Obama administration plans to impose steep import duties on Chinese made automobile tires over three years, following reports that a deluge of Chinese tire imports hurts the domestic market. In retaliation, China on Monday promised to investigate...
- News Source: Asian Wall Street Journal | 2 months agoThis copy is for your personal, non-commercial use only...China said Sunday it would review complaints about U.S. exporters' pricing of chicken and auto products after Washington's move to slap punitive sanctions on Chinese tire imports, raising...
- News Source: Uinta County News | 2 months agoChina investigates US 'dumping' as trade row erupts China has launched an investigation into alleged "dumping" of chicken and automotive products by the US, in what appears to be an escalating trade row between the two nations. Published: 12:44AM...
- Blog Source: luishipolito.wordpress.comHONG KONG — China unexpectedly increased pressure Sunday on the United States in a widening trade dispute, taking the first steps toward imposing tariffs on American exports of automotive products and chicken meat in retaliation for ...
- Blog Source: www.economicsjunkie.comAmerican imports of Chinese tires tripled between 2004 and 2008, and China's share of the American market grew to 16.7 percent, from 4.7 percent, according to the United States Trade Representative. Four American tire factories closed ...
- Blog Source: www.theepochtimes.comThe United States has slapped a tariff on China-made tires for dumping, but China's regime has threatened to respond similarly.
- Blog Source: www.nakedcapitalism.comThe United States needs China to help float a U.S. deficit expected to reach $1.56 trillion this year. President Barack Obama is also likely to seek new sanctions against Iran to combat its nuclear program, and China's vote on the ...
- Blog Source: osmoothie.comThe U.S. placed tariffs starting at 35 percent on $1.8 billion of tire imports from China, backing a United Steelworkers union complaint against the second-largest U.S. trading partner. “While there's friction, I suspect that the two nations will
- Blog Source: www.chinesestock.orgThe widely watched China tire case was concluded on Friday when U.S. President Barack Obama made a ruling to impose punitive tariffs on all car and light truck tires imported from China. Analysts say the ruling may cast shadow of protectionism over .
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- Video Source: youtube.comU.S. Talks Currency with ChinaVideo Source: youtube.comZHANG: And in Beijing: US Treasury Secretary Henry Paulson met with Chinese ...
- Video Source: youtube.comChinese growth leaves US ...Video Source: youtube.comThis year China's trade deficit with the United States is expected to ...
- Video Source: youtube.comObama and ChinaVideo Source: youtube.comThe President opened the first session of the US-China Strategic and ...
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@markknoller @Gottrocks On new tire tariffs on China, WH said they're "to remedy a market disruption caused by a surge in tire imports."
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@alansmurray Prospects of a U.S.-China trade war weighing on the market this a.m.....http://bit.ly/XyoOw
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@editorialiste "This spat about tires and chickens could turn ugly very quickly." Chinese tariffs on U.S. goods: http://is.gd/3eU3i
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