【註一】President Obama slapped a stiff 35% tariff on Chinese tires in 2009 after American companies complained about unfair competition. They said China was flooding America with tires at low prices making it tough for U.S. companies to compete. The tire tariff gradually waned, and finally ended in 2012.
The tariff saved 1,200 U.S. tire jobs, which had been in sharp decline. And U.S. tire production rose after a major decline.
But a study from the Peterson Institute of International Economics found that the tariffs cost Americans in many other ways.
Americans paid more for tires. Some Chinese-made tires cost as much as 26% more -- rising on average to $39 per tire, from about $31. And U.S. tire makers, facing less competition from China, also raised prices on American-made tires 3.2%.
According to Petersons model, higher prices from the tire tariff cost Americans an extra $1.1 billion, which translated to an estimated 3,731 retail jobs lost.
Plus, China fought back by imposing penalties on U.S. shipments of chicken parts. The Peterson study estimates that Chinas retaliation cost American chicken producers $1 billion in sales.
"Tire safeguards did not change Chinese policies in a helpful way, nor did they boost U.S. employment," wrote Gary Hufbauer, a trade expert at Peterson, who authored the report.
Indeed, the tariffs didnt bring the tire-making jobs back to previous levels -- a similar trend thats played out for the rest of U.S. manufacturing. But they did help to stem the job losses.
『State-controlled media urges fight 'til end,' calls for sanctions on U.S. companies』
What is alarming ?
Mr. Bill Gertz is senior editor of the Washington Free Beacon.
The headline dropped the word "Trade" in the sentence. Thus it is fake news. It does not come from Russia or Greek 馬其頓.
The corrected version should be 『Chinese Video Urges(? should be Responded) Trade War With U.S.』
When the Washington Free Beacon dropped the word Trade from the sentence. It obvious that he is specking for the benefit of American weapon industry. Dangerously promote world War III.
If war broke out as he promotes, we (ABC, NBC and CBS) living in America might headed to concentration camp as American Japanese in the 40's)