Saturday, September 12, 2009

Friday Night Blight

In one of his first major decisions on trade policy, President Obama opted Friday to impose a tariff on tires imported from China, a move that risks angering the nation's second-largest trading partner.

It's not just about the anger, it's about the policy--tariffs are like a tax no matter who they target.

A lot of people saw this sort of thing coming. President Bush had enough trouble being a free marketer, so what can we expect from the Obama administration?

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