Washington, D.C.- Committee on Ways and Means Trade Subcommittee Ranking Member Kevin Brady (R-TX) today made the following comment on the President’s decision to impose punitive tariffs on Chinese tires:
“In bowing to the pressure of the special interest unions, the President has imposed a new tire tax on working Americans – many whom can barely afford to replace a tire as it is.
“During this severe recession, struggling low and moderate income families will pay more for a necessity in life with no assurance any more U.S. jobs will be created as a result of the excessive new tire tariffs. In fact, this may just lead to more imports from other countries.
“There is a reason American tire companies did not support taking this action. This just hurts consumers”.