US Protectionism

Read a disturbing article on Bloomberg today about Obama imposing 35% tariff on Chinese import tires, because we have to ‘protect’ the US tire manufacturers.  This kind of protectionism will only hurt the consumers, because we longer have the option to buy cheaper tires made in China.  When and where do we stop?  Are we going to impose tariffs on everything that comes through the door, just so we can bow down to the unions and protect the US manufacturers who can’t find other ways to compete?  When US wages already aren’t keeping up with current inflation, the US consumers are now required to pay more for goods and are stretched even thinner.  Tariffs on imported goods is a short-sighted solution that benefits a small group of people; in the long run, we will all suffer as a result.

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