Some great blog posts right now about the US tax on Chinese tires, the hypocrisy of the Obama administration, and the harm caused to consumers by this decision. The Coyote Blog says: "Suppose the Chinese government is massively subsidizing tire exports — that they are taking Chinese taxpayer money and directly applying it to tire exports to reduce prices in the US.  What should our response be?  Mine would be:  Thanks, suckers.  If the Chinese really want to tax their people to subsidize lower US consumer prices, why in the world would we want to stop them?"

Peter Klein over at Organizations and Markets features statements by US Trade Representative Ron Kirk. Those statements earned the "Economic Illiteracy of the Week" at Truth on the Market.  The South Bend 7 writes "1,2,3,4, Obama Declares a Trade War."