Chinese tire safeguards and "the anti-trade mobs"

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In the FT, Chad Bown warns that the Obama administration risks unleashing a global “crisis-driven mob mentality” that will impose numerous trade protections if the US imposes new import restrictions on Chinese tires under its “China safeguard” law. He highlights a number of concerns, but this one stood out:

[A] little-known loophole in the rules governing China’s 2001 WTO accession makes it easy for a global protectionist response to spread faster and further than that which took hold in 2002. Nowadays, once any one country imposes a China safeguard on imports, all other WTO members can immediately follow suit, without investigating whether their own industries have been injured.

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2 Responses to “Chinese tire safeguards and "the anti-trade mobs"”

  1. Obama invokes safeguards against Chinese tires: 35% tariff « Trade Diversion Says:

    […] Thankfully these safeguards expire in 2013. Meanwhile, keep an eye out to see if a mob mentality develops. […]

  2. dire dire tire. tariffs. | stillgoingnative Says:

    […] Dingel notes the following, by Chad Brown of the FT: [A] little-known loophole in the rules governing China’s 2001 WTO […]

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