According to NPR there are 4,400 people in the tire manufacturing industry in the USA. Many of those jobs actually depend on Chinese imports of tires. There are over a million people in the tire industry in China. Not all of those Jobs would be lost if the new 35% tariffs are imposed. What do you think would be best for the world economy? Some people say, “screw the world economy, what about American jobs?”
The steel tariffs of the Bush administration are a good example of what happens when the local picture takes precedence over the world view. To protect 200,000 jobs in the steel industry, millions of jobs in the steel using industries were driven overseas. This resulted in a drastic reduction in the size of the USA steel industry. Even the people in the tire industry are opposed to the new tariff.
Anything that slows the recovery in the rest of the world will slow the recovery here. Politicians need to spend more time doing their job and less time trying to keep their job. Narrow measures that benefit very small areas can be beneficial or harmful. Let us examine the results of each action carefully to see how much harm or good each action will produce.
David Segrest is a REALTOR® in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com He is also a contributor on Argentina to: http://realestatebloginternational.com/
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