Daniel Drezner in the National Interest.
Obama’s tire tariff isn’t your everyday sort of protectionism. It could end up causing a serious ripple effect. Due to a loophole in the 2001 agreement that allowed China to join the WTO, if any one member decides to impose safeguards on Chinese imports, all others can follow suit. It doesn’t take a genius to see how bad it could get.
Obama has largely decided to become a domestic-policy president. His supporters, his base and the politicking of his underlings indicate things will only get worse. With the global economy in deep crisis, protectionism is a terrible way to build a recovery.
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