Trade Tensions Flare between U.S., China As G-20 Nears
In 2009, President Barrack Obama was encouraged to impose tariffs on automobile and tires imported from China. With the closure of more American tire factories, America sought to control the global market.
What are tariffs? Tariffs are taxes imposed on goods entering or leaving a country.
Why did President Obama’s decision to impose tariffs on imports of tires from China create so much controversy?
The new tariffs on tires imported from China have damaged the legitimate interest of Chinese companies. The China is accusing the U.S of promoting a business environment that is not free and fair. The new tariffs have had an adverse effect on the economy of China. This has been facilitated by a