The tyre wars: Playing with fire  

Oleh:

The Economist

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 392 no. 8649 (Sep. 2009), page 43.
Topik: Chinese Tyres; Tariffs; Barack Obama; World Trade Organisation;

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.57 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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IN RAW economic terms Barack Obama’s imposition of tariffs on Chinese tyres hardly registers. The number of jobs affected is barely a rounding error in measurements of the mighty American workforce. The cost to consumers is also slight. But in geopolitical terms, it is a whopper. Mr Obama’s most overtly protectionist decision so far has triggered a predictably angry reaction from China, which threatened to retaliate against American chickens and car parts and to haul America before the World Trade Organisation. The Global Times, a newspaper that often reflects the views of hardline nationalists in China, ran a front-page headline saying “America has erred before the world”. The tit-for-tat dispute casts a pall over the G20 meeting in Pittsburgh on September 24th and 25th where Mr Obama will play host to Hu Jintao, China’s president. Warnings of a trade war have multiplied. There have even been comparisons to America’s infamous Smoot-Hawley Tariff Act, which deepened the Depression.

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