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When a flood of Chinese tires threatened a thousand American jobs, it was President Obama who stood up to China and protected American workers.
The tariffs didn't have any material impact on our North American business," says Keith Price, a spokesman for Goodyear Tire & Rubber Co., GT -4.86%echoing a sentiment expressed by some other manufacturers. "The stuff coming in from China is primarily low end. We got out of that market years go."
Chinese imports were way down last year, by 12% compared to 2010. However, overall consumer tire imports were up anyway, as other low-cost countries picked up the slack. In addition, tire plant capacity in the U.S. is down since the tariffs went into effect.
So far as saving American jobs, it just isn't working," says Roy Littlefield of the Tire Industry Association, which has 6,000 members. "And it really hurt a lot of people in the industry—smaller businesses that geared up to bring these tires in from China."
"This is a China tire, it costs me $69 today," says the owner of Cybert Tire & Car Care in New York City. "Before it cost $39." A big part of that increase: The fat tariff the U.S. has placed on Chinese tires.
"It all gets passed to the customer," says Mr. Everett.
Wholesalers, he said, used the cover of the tariff to raise prices across the board. Bob Ulrich, editor of Modern Tire Dealer, a trade publication, says prices are up 29% in the replacement market since 2009
President Obama's action to defend American tire companies from foreign competition... is decidedly bad for the nation and our workers.
“President Obama’s action to defend American tire companies from foreign competition may make good politics by repaying unions for their support of his campaign, but it is decidedly bad for the nation and our workers. Protectionism stifles productivity."
Several manufacturers in the U.S. have factories in China and elsewhere and export from them. Partly for that reason, the Rubber Manufacturers Association has avoided taking a position on the tariff.
the complaint against China was filed by the United Steelworkers union
Dissenters on the commission said that the imports from China were primarily lower-cost tires, and that U.S. manufacturers have tended to focus their production on higher-profit premium tires. But the Steelworkers have maintained that China sells into all sectors of the passenger tire market and that a tariff has broad benefit.
In what was criticized at the time as a favor to union supporters, President Barack Obama sided with the majority on the ITC, concluding there was industry disruption. China later lost its appeal of the tire tariff to the WTO.
Originally posted by Grimpachi
Are you really being serious with this? Seems like pure desperation a distraction at best.
Originally posted by campanionator
I am glad their are fewer Chinese tires... They blow out easier than most, raise insurance premiums and
kill people.
You analysis assumes that Obama's Chinese tire tariffs are what have reduce domestic tires sales,
however you did not substantiate that assumption, you expect us to believe you.
Protecting American jobs IS a good thing, American Union members are in fact AMERICANS,
so are the executives of those companies.
I think America should charge tariffs, especially when countries do it to us.
Romney does not think Union members are humans or Americans, that is because Romney is a grown
up spoilt rich boy who has no idea what a gallon of milk costs.
Originally posted by OccamsRazor04
Originally posted by campanionator
I am glad their are fewer Chinese tires... They blow out easier than most, raise insurance premiums and
kill people.
Great show me evidence the tires imported from other countries are better? You do realize the number of cheap imort tires has gone UP, as I quoted. So far your anylysis points to an increased road hazard due to Obama's policy, thank you for pointing that out.
Actually I don't have to. My claim is that Obama lied about his saving thousands of jobs. I DID substantiate that with my post. Domestic production went down post tariff. For the sake of argument we can assume the tariff had a net zero effect. That still means Obama's ad is 100% wrong and he flat out lied, which is the conclusion I make in my post. I never stated the tariff is the direct cause, only what the results are.
I agree, protecting American jobs is a good thing. Romney agrees too, his quote that was mangled states that is his goal and that Obama is not doing it. Romney says that Obama HURT American jobs to help unions. So the overall US situation is negatively impacted while a SMALL special interest group is benefited. I substantiated in my post INDUSTRY EXPERTS claim Obama's policy has HURT America as a whole. Go back and read what the Tire Industry Association has to say.
I think America should charge tariffs, especially when countries do it to us.
Well thank you for making it abundantly clear you are so partisan you do not care about truth or reason. Please cite me the quotes where Romney says union members are not human. Thanks
In his State of the Union address two years ago, President Obama argued there were a few things the U.S. needed to do in order to recover from the economic recession: One of them was to export more of goods around the world.
"The more products we make and sell to other countries, the more jobs we support right here in America," Obama said.
That night, the president unveiled a new goal: to double U.S. exports over the next five years. It would be an increase the president said would "support 2 million jobs in America."
Most economists dismissed the pledge at the time as somewhat quixotic, but two years later, the U.S. is on pace to meet that goal. American exports are up 34 percent since the president gave that speech, and the number continues to rise.
The trade gap with China, the nation's most important -- and controversial -- trading partner, widened to a record $280 billion last year, and is on pace to get even bigger this year.
But our imports have also grown. The trade gap -- the difference between the value of exports and imports -- has risen each of the last two years and is on pace to be even higher this year.
Republican presidential candidate Mitt Romney has said he would declare the country to be a currency manipulator, which would subject it to trade sanctions under U.S. law. He also would take steps to block government purchases of Chinese goods.
President Barack Obama said that a two year old trade tariff on automobile tires Made in China led to over a thousand jobs in the U.S. tire business. It did create some jobs, but not much.
The tariffs did ultimately lead to a 30% reduction in Made in China tire imports from 2009 to 2011
Presidential candidate Mitt Romney's book, "No Apology: the Case for American Greatness." Here's what the ad said the former Massachusetts Governor wrote in response to the tariffs:
"President Obama's action to defend American tire companies from foreign competition... is decidedly bad for the nation and our workers."
In fairness, some manufacturers quietly supported the tariffs. They did help raise prices and force many consumers to buy "better" and "best" tires instead of "good" after they wore their tires to the bone.
At worst, he’s spinning the facts for political gain.
Originally posted by Grimpachi
BTW please stop posting Wall Street Journal Articles or at least link to a spot where I don’t have to sign up to be able to read them.
Quote's from your sources:
President Barack Obama said that a two year old trade tariff on automobile tires Made in China led to over a thousand jobs in the U.S. tire business. It did create some jobs, but not much.
So it created some jobs. Glass half full point of view.
The two occurrences are not related, because domestic manufacturers had been eliminating the production of low-cost tires for years. The reason is simple: Compared to other countries, we really couldn’t manufacture low-cost tires. And China was providing those tires to our market.
So far as saving American jobs, it just isn't working," says Roy Littlefield of the Tire Industry Association, which has 6,000 members
The tariffs did ultimately lead to a 30% reduction in Made in China tire imports from 2009 to 2011
Sounds good so far.
The tariffs did ultimately lead to a 30% reduction in Made in China tire imports from 2009 to 2011, but that didn’t mean 30% more tires were produced in the U.S. It just meant that 30% more tires were imported from Canada; 110% more from South Korea; 44% more from Japan; 152% more from Indonesia; 154% more from Thailand; 117% more from Mexico and 285% more from low volume provider Taiwan
Presidential candidate Mitt Romney's book, "No Apology: the Case for American Greatness." Here's what the ad said the former Massachusetts Governor wrote in response to the tariffs:
"President Obama's action to defend American tire companies from foreign competition... is decidedly bad for the nation and our workers."
I take issue with Romney’s statement because if you take the word tire out of the quote it reads like this.
"President Obama's action to defend American companies from foreign competition... is decidedly bad for the nation and our workers."
Romney is a known corporate shill and has outsourced American jobs to china which is always bad for our nation but obviously great for corporate profits.
“President Obama’s action to defend American tire companies from foreign competition may make good politics by repaying unions for their support of his campaign, but it is decidedly bad for the nation and our workers. Protectionism stifles productivity."
In fairness, some manufacturers quietly supported the tariffs. They did help raise prices and force many consumers to buy "better" and "best" tires instead of "good" after they wore their tires to the bone.
So there was support for this. I think he did for the betterment of American jobs but it obviously hasn’t worked as well as hoped.
At worst, he’s spinning the facts for political gain.
It wouldn’t surprise me.
I do not see any evidence that it has hurt American jobs either. That realy should be the issue don’t you think American jobs?
it really hurt a lot of people in the industry—smaller businesses that geared up to bring these tires in from China."
Originally posted by HostileApostle
reply to post by OccamsRazor04
So I read through all your spin, and it still comes down to:
A) Obama stopped a flood of cheap Chinese tires from coming in.
B) Romney still thinks it is bad to protect American workers in principle.
It's a stinging Ad, and it further shows that Romney is not for the American worker. It's almost like he is for the Chinese worker with all the jobs he has sent their way.
Originally posted by marg6043
reply to post by OccamsRazor04
When it comes to countries China is the largest holder
But Domestically SS first and Federal Reserve second.
www.wealthson.com...