The latest trade dispute
between the United States & China — the worlds largest & third-largest
economies — is brewing, after U.S. President Barack Obama approved
much higher duties on Chinese-made tires on Friday.
Those cheaper imports have grown substantially over the last five
years, & now account for about one of every five tires purchased in
the U.S. At the same time, production of American-made tires has
declined & more than 5,000 jobs have been lost.
On Monday, China hit back, filing a complaint with the World Trade
Organization & announcing an investigation into whether U.S. chicken &
automotive products are being dumped at unfairly low prices in China.
Daniel Rosen of the Rhodium Group, an economic research firm, joins
Daljit Dhaliwal to discuss the larger implications of the trade
dispute with China. |
