A 35% tariff on Chinese tire imports was recently imposed by Obama to please one of his biggest campaign contributors, the United Steelworkers Union. By doing this, Obama is risking a trade war with China, the US's second largest trading partner. He is also risking the stability of the international economy with this reckless move of Protectionism.

President Obama may or may not know--or may not care--but the Smoot-Hawley Tariffs (the Tariff Act of 1930), which was enacted in response to populist fear (much like Progressive ideology today) during the 1930's served to prolong and worsen the Great Depression. As a result, of these tafiffs the world economy did not recover until after WWII.

Watch and learn.

[ame]http://www.youtube.com/watch?v=4ERbC7JyCfU&NR=1[/ame]