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Obama the Protectionist

Posted on Nov. 25, 09 | 11:30 AM by Andrew Roth | Topic: Free Trade
Link to Article: http://www.clubforgrowth.org/perm/?postID=11996
I've said this before, but I gotta keep saying it.  What Obama is doing on trade policy is sheer lunacy.  It's bad economics (in the worse sense) and it will spark a trade war that would devastate our economy.  From the AFP:

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."

 
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