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News Link • Economy - Economics USA

Protectionism Again

• arclein
The political lobby for protectionism is naturally capricious. Thus we have had the economic insanity of the lumber battle which was paid for by American home buyers. It cost the American lumber industry little more than chump change to keep the war going and when they settled, the US government was forced to give back a lot of money collected on their so called arguments.

Here the tire industry is playing the same game and making their industry central to US Chinese relations. I guarantee you that henceforth, the president will no longer be discussing human rights in China when he meets with their president, but the price of tires.

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