Obama Makes Highways More Dangerousby Kevin
Barack Obama’s recent dictatorial decision to once again break his campaign promise on raising taxes byraising tariffs on Chinese made tires in order to payback political allies in organized labor is already having some consequences.
First of all, Obama has probably ignited a new trade tensions that may cause a trade war between the US and China. The last time a global trade war broke, well….the Great Depression was a result. The Asian and US stock markets were down this morning on the news.
More importantly, it seems that Barack Obama may be putting American lives at risk on the highway. Consumer Reports’ official blog had a writeup that was interesting to say the least.
The Obama administration on Friday imposed a new 35-percent tax on tires made in China. That includes many of the S- and T-rated tires in our recent upcoming tire test of all-season passenger car tires. More than half of the top 10-rated tires in the November issue are imported from China.
The tariff is likely to increase prices on tires for consumers at least in the short term, as China is by far the largest tire producer in the world. Also, some tire models could be harder to find temporarily if manufacturers decide to switch production to another low cost country.
China’s crime apparently was that it built low cost tires which are better in quality than tires made by Obama-supporting union thugs. The United Steelworkers Mafia couldn’t have that so they decide to try and eliminate the competition.
Average Americans may pay for this blatant act of political pandering…with their lives in some cases.
Because the tire industry is very competitive, tiremakers may not be able to pass the price whole price increase along to consumers for long. But we at Consumer Reports are concerned that the higher tariff may indirectly compromise safety by giving consumers incentive to delay replacing worn tires. The move is likely to put some pressure on consumers, but more on tire manufacturers.
In addition to the lost jobs at our ports and among our importers when China retaliates and/or as a direct result of this tax increase, in addition to higher tire prices, in addition to the economic and diplomatic damage this has caused, in addition to the clear example of old style political payback behind closed doors and without public input, this tax increase may prove fatal for some Americans who will have accidents that will be caused by worn tires that they could not replace because they cannot afford them.
“Hope and change” indeed.