US tariff decision on Chinese tires comes at huge price

• Source: Xinhua
• [08:17 September 14 2009]
• Comments

To generate jobs and restore the economic health, US trade policy must focus on cooperation rather than confrontation with its trading partners, said Patrick Rossenstie, executive director of the US Trade Alliance to Promote Prosperity.

The American government has to draw a lesson from the Great Depression in the 1930s when it imposed heavy import tariffs, a move that triggered a global trade war and exacerbated the crisis.

Seventy years on, smarter actions are required to prevent a repeat of that painful history. The latest US decision was not one of them.