Why Obama is Taxing Chinese Tires  

Oleh:

Easton, Nina

Jenis: Article from Bulletin/Magazine
Dalam koleksi: Fortune vol. 160 no. 7 (Oct. 2009), page 62.
Topik: Barack Obama; Tax; Tire; Import; Economic Growth

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: FF16.41 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

"No, we are not in a trade war," chief White House economist Lawrence Summers declared when I raised the prospect with him two days after the Beijing regime lobbed U.S. auto parts and chicken wings back at 1600 Pennsylvania Avenue in retaliation for President Obama's Chinese tire tax. So far Summers, who by all accounts was deeply involved in the President's decision to slap a 35% tax on Chinese tire imports, appears to be right: We'll call this episode a contained skirmish. So far. What's at risk in U.S.-China relations is the possibility of trade tension that will cloud efforts to reach deals on other critical fronts like climate change and nuclear nonproliferation. The reason: With Americans saving more and consuming less, the U.S. will need to ramp up exports to maintain its own economic growth. "With both of us promoting exports, there is going to be trade friction," says Kenneth Lieberthal, a China expert at the Brookings Institution.

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