Can someone help us out here?
With confidence in the economy starting to grow, what the heck was Obama thinking when he slapped a 35% tariff on imported Chinese tires?
We’ve been looking around for some good explanation of this — some broader context to all this that would make it some sense, but we’ve found absolutely nothing.
All we see is a normal-old protectionist tariff which, if things go badly, could spur a full-on trade war. Already that seems to be starting.
Can anyone help us out and show the other side?
Update: Even Brad Delong is totally perplexed, and he dispenses with the idea that the government was legally compelled to take this action.