In September, President Obama Enforces Trade Law In China Tire Case!
President Obama signaled a new direction in America’s trade policies by deciding to enforce the ITC’s recommendation to impose tariffs on Chinese tire imports.
In November, Findlay’s Cooper Tire will add 100 new jobs,
“Last year at this time we were worried about losing Cooper,” said Sehnert.
Now the company has announced a $10 million dollar investment in the plant, mostly in automation.
With the company’s expansion comes the real good news for Findlay residents, 9.1% of whom are unemployed.
The plant will need to fill 100 new jobs.
“That’s 100 more people working. That’s 100 more people spending their money in our community, paying their bills, paying their taxes so it means a lot,” said Sehnert.
“Looks like business is picking up,” said Larry Williams, a sales forecaster at Cooper’s Findlay headquarters.
The background is that China was flooding the US market with cheap tires, costing thousands of American jobs and forcing factories to close. Our agreement when China joined the WTO was that we could impose a tariff when “disruptions” occurred, and this was a disruption. President Bush refused to enforce trade agreements and we suffered 8 years of job loss and factory closings, but President Obama enforced it, and we are already seeing jobs return.
