Late on Friday, President Obama signed an order to impose a tariff on Chinese tires of 35% on top of the existing 4% tariff. The order raises tariffs for three years on tires coming from China - 35% the first year, 30% the second year and 25% the third year.
The Chinese Minister of Commerce blasted the move as “a grave act of trade protectionism.” Beijing was so upset that they filed a complaint with the WTO and said they will launch an investigation into US “dumping”of auto parts and chickens in China.
Critics in the US called it “capitulation to trade unions.”
Watch the video on YouTube: http://www.youtube.com/watch?v=b0bxZ_PFypM
All the best,
M Brandl
Professor Michael Brandl, an economist at the McCombs School of Business at The University of Texas at Austin, discusses current economic issues with his former students and those who might be interested in partaking in the conversation. See his 
2 responses so far
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1 Antonio Centeno // Sep 14, 2009 at 8:21 pm
Mike,
Great to see you commenting on You Tube - I was reading the Wall Street Journal and someone had posted a link to you and this video - great to see you are as animated as I remember you being in the classroom. My only disappointment is that you seem to be holding back…..are you really taking a wait and see approach?
FYI, I’m up in Wisconsin - started a custom clothing company….we’ll see if I can help your home state here soon with some new jobs!
Best regards,
Antonio
2 Michael Brandl // Sep 16, 2009 at 11:45 am
Thanks Antonio - I will have to order a suit from you, they look wonderful!
On the blog post - yes, you are correct…I am “holding back” a bit since 1) I worry about the videos getting too long and thus being not as useful and 2) I want this to trigger more “discussion” than me ranting!
So…what’s you take? What do you think the Administration is up to…and will it work? What about the upcoming G20 summit in Pittsburgh??
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