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12 Sep 09

White House announces 35% tariff on Chinese tire imports.
However, both sides knew that Obama was faced with a Sept. 17 deadline on the matter, and given the political pressure at home to protect manufacturers, Beijing had to expect some type of action on the part of the administration.
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- Interestingly, the case against China was brought by the United Steelworkers union--not U.S. tire producers themselves. Some observers of the case say domestic tire producers who have manufacturing facilities in China are now worried about retaliation by Beijing.