Obama's Tire Tariff Draws Beijing's Ire
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A Chinese government outburst in response to a stiff tariff imposed by the Obama Administration on Chinese-made tires appeared to raise the specter of trade protectionism at a time of a fragile global economic recovery.
In official statements over the weekend, Beijing strongly protested the 35% tariff imposed by President Barack Obama in response to a complaint by the United Steelworkers. Beijing said it would investigate alleged dumping of U.S. automobile parts and chicken products in China and study the possibility of filing an unspecified trade complaint with the World Trade Organization.