Sep 15, 2009 -- Clark upset with President Obama's tariff on Chinese tires
President Obama's tariff on imported Chinese tires has really upset Clark. To begin, it is expected to raise the price by 30 percent. But more importantly, he believes it treads on dangerous ground in a free market economy.
"Buy American" may be a populist sentiment, but interference in the free market ultimately leads to higher prices. Not to mention real trouble as China will likely retaliate and puts tariffs on the few goods we import to them.
Tariffs on Brazilian sugar, for example, are already compromising our national security. In 2008, Congress charged a 54-cent/gallon tariff for Brazilian-made sugar energy that could be used to power flex-fuel cars here in America. That stifling effect just creates more need for foreign oil. Meanwhile, OPEC doesn't face any tariff whatsoever!
All consumers benefit when you allow free market and free trade. This is a dangerous path that Obama is traveling down with the Chinese tire tariff.
If you have tires that are wearing thin, it would be a good idea to replace them now before the cost increase from the tariff goes into effect. Just remember, you can't stockpile tires for more than a year because they will degrade.
Finally, when Clark was discussing this issue in a show meeting, executive producer Christa immediately said that she thought there was a safety issue with Chinese tires. But the consumer champ disputes that. While other products from communist China have had safety issues, tires are not one of them.