|
|
Article: Tariffs will have consequences.(News)
- Article from:
- Tire Business
- Article date:
- September 28, 2009
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Considering the depth and breadth of testimony against higher tariffs on Chinese consumer tires, it's surprising the Obama administration chose to raise them to the extent it didan additional 35 percent in the first year, followed by 30 and then 25 percent in 2010-11 and 2011-12.
Predictably, the first consequence of the decision is higher wholesale tire prices, to be followed soon by higher retail prices, meaning consumers are the ones who'll end up bearing the additional cost, as forewarned by the opponents of the tariffs.
After reviewing the arguments for and against tariffs, it seemed apparent some sort of compromise, a hybrid solution if you will, ...