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Week 4

In: Business and Management

Submitted By acareaga
Words 1136
Pages 5
Week 4 Case Study
Adam Careaga
Shorter University
BUS 6750 ONLH2
Bill Carson
April 5, 2014

Chinese Tires In 2008, the United Sates imported 46 million tires from China, three times as many as it did in 2004. China’s share of the American market leaped from 5 percent to almost 17 percent over the same period, while U.S. employment in the tire industry fell by more than 5,000 jobs and domestic production slumped from 218 million tires to 160 million tires. The Chinese import was causing a market disruption and the U.S. implemented a three year tariff on imported tires. The tariff consisted of a 35 percent tariff for the first year followed by a 30 percent tariff the second year then a 25 percent tariff the final year. The tariffs were place on top of an existing 4 percent import tariff. (Hill, 2011) In the scheme of all the tariffs and arguments over the imports the better question would be who benefitted from this high tariff and who suffered? Tire imports from China show clearly why international economics is different. Consumers should be looking for good-quality products at low prices, but when their purchasing shifts toward more imports of foreign products, it can become a controversial political issue. National government officials have the power to enact policies that can limit international transactions like importing. If the whole world were one country, the issue of shifts in purchasing would be left to the marketplace. Within a country, it is usually impermissible for one region to restrict commerce with another region. But the world is actually split into different countries, each with national policies. (Radcliff, 2012) . As imports of Chinese tires decreased imports of tires into the U.S. from Mexico, Indonesia, and Thailand approximately doubled; which increased their economies and their ability to import and export...

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