President Obama’s decision to provide relief a year ago on imports of car and truck tires from China is achieving the desired positive effect on U.S. makers and their workforce, according to a new report just issued by the Alliance for American Manufacturing.
AAM claims the tariff is achieving the desired positive effect on U.S. tire manufacturers and workers, and is no doubt lobbying behind the scenes to make sure the tariffs stay in place.
The report comes as the U.S. economy continues to languish with record post war unemployment levels, a surging trade deficit, a collapsed housing market, as well as frozen credit markets – all contributing to voter’s concerns over evaporating middle class jobs and declining consumer confidence, where two-thirds of economic activity is customer rather than business driven.
The report prompts a series of policy questions as to why the U.S., alone among industrial nations, doesn’t do more to protect its people and markets and jobs – a contentious subject that will be part of the upcoming mid-term Congressional elections. Insiders expect the U.S. Labor Department to report this Friday that the economy lost another 80,000 jobs in August after dumping 131,000 in July – just in time for the Labor Day weekend holiday.