Obama Administration to impose more tariffs against China
The Obama Administration is once again proving its protectionist tendencies by slapping tariffs on another Chinese made good:
The United States has firmed up plans to impose up to 15 percent tariffs on imported Chinese steel pipes targeted for wideranging sanctions for alleged unfair subsidies.
The Commerce Department said Tuesday it made a “final determination” to impose tariffs of between 10.36 percent and 15.78 percent following a probe on imports from China of “oil country tubular goods.”
They are steel pipes used to deliver oil and gas in the petroleum industry.
We probably shouldn’t be surprised at what prompted thus:
The department pursued an investigation into the case after complaints from various US industry groups and unions, including the United States Steel Corporation, and the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union.
The end result of tariffs are high prices for Americans consumers. The worst thing the Obama Administration can do is start a trade war with any country, let alone China. Unfortunately, that is what they seem hell bent on doing.
H/T: Club for Growth

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