Some of you might have heard that President Obama has imposed a 35% tariff on tires imported from China. So, I really don't understand that. Aren't we all for "free-trade" nowadays. Tariffs are so 80s. Anyways, my point is how can the president impose such ridiculous tariff without consulting the WTO at all. Really, the US is really not in the position to do that. Again, it's not the 70s or the 80s, where the US can say "jump" and the entire world jumps. I hope that our government aren't going to charge a tariff on the clothes, shoes, food, computers, or TVs, because to make up their 35%, they will just increase the prices. It's that easy, right? By the way, 35% is not a small number.
Also, why are we playing with fire. We import so much from China. And the Chinese are buying all our National deficit and our debt. If we go into a trade war with China, we (people living in the US) will be the ones that get hurt. See this article at yahoo! http://finance.yahoo.com/tech-ticker/article/333181/Obama-Playing-with-Fire-U.S.-Will-Lose-Trade-War-with-China-Pento-Says?tickers=tlt,tbt,fxi,spy,udn,uup.
If the Chinese starts dumping their investments in America, we are literally screwed!! COME ON!, Obama, you have gone from "you were so convincing that I almost voted for you" to "let me see what you are going to do to hurt the majority of US citizen next". This is unbelievable. I don't even want to start about the health care reform!!
So, again, I really don't understand what's going on with our foreign policies. Please help me understand!!