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With the U.S.'s decision to put tariffs on tire imports from China—and China's unhappiness with the decision—there are concerns that China may impose retaliatory action on imports of U.S. poultry and vehicles. However, the NY Times suggests there's a secret weapon that Chicken Little might appreciate (or might not). A poultry economist and consultant, Paul Aho, tells the Times, "We have these jumbo, juicy paws the Chinese really love so I don’t think they are going to cut us off." While exports of U.S. chicken to China and Hong Kong only amount to 2% of the total poultry export revenue, it's very profitable: "About half of the chicken parts sold to China are wings and feet, which are worth only a few cents a pound in the United States. As delicacies in China, they fetch 60 cents to 80 cents a pound, a price that no other foreign market comes close to matching." And apparently U.S. poultry companies are the "world’s leading supplier of king-size chicken feet." Cato Institute trade expert Daniel Griswold said there's some risk, "If we are playing a game of chicken with China we are going to be big losers." In the meantime, China wants talks with the U.S. at the WTO.
U.S.'s Secret Trade Weapon With China: Chicken Feet
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Throwing up trade barriers is usually counter productive and stupid tit for tat. Obama needs to appease the unions, so this is basically him throwing a bone. In any case, its not going to be the end of the world. It may escalate but it won't be a huge effect on the Economy. Both China and the U.S. know the importance of Trade to both country's prosperity. Trade Wars do nothing to help.
And please don't bring up Smoot-Hawley Tariff Act. That's an extreme example and we've moved past that.
so...here's how you feel, but now nobody can bring up a major similar event in history that completely destroys your thought process? well gee that's a mature debate.
the sky is black...and don't bring up the fact that it looks blue!
The difference is that this is a 35% Tariff on one product while Smoot-Hawley put a 50-60% Tariff on 20-30,000 imported items, practically halving intranational trade. Its an extreme example only invoked by the most paranoid.
It is not a similar event.
inTER. blah
i wouldn't criticize you for that. that defense is only used when someone has nothing intelligent to say so they fall back on a lame typo
or invoked by those that don't want to see it repeated...especially for a couple thousand tire workers. maybe, just maybe, we should all be aware of what this could become. paranoid? maybe. but better safe then sorry.
maybe if the union would make tires at the going rate then we wouldn't even have a problem. but hey...this way we're all losers in the end cause tires cost more. sadly, its the poor that suffer the most because they can ill afford the more expensive tires most.
I don't think such an incident would be repeated. Even the more protectionist Dems understand the value of Free (but fair) Trade, but yeah, you'll never know. Open trade is supposed to spread prosperity to everyone, but I guess it can't be helped that some countries feel it necessary to try to protect their interests.
In retrospect, China shouldn't even complain as their controls over what comes into the country are more strict, but we'll of course turn a blind eye to that. They have been financing a big portion of our deficit.
Hong ... Kong? You're missing something.
If only those Chinese people ever read "The China Study" by Campbell, or "The Omnivore's Dilemma" by Pollan, then they'd know that these "king-size" feet come with a heavy health price. These chickens are given crazy hormones and fed other dead chickens on a regular basis, so the resulting chickens are really f*cked up.
Oh well. Go US economy!
Way to Go, Chicken feet.
And about Hormones in chicken feet,
is that the reason I feel better after
every having chicken feet soup?
And yes, I eat the feet too.
We are so lucky in America that chicken feet is
under $2 a pound in many stores and supermarkets.
White men have not discovered the health benefits of
chicken feet yet. And let it stay that way.
More for me.
you feel better after eating soup? that's what we like to call "the placebo effect".
I can get turkey butts for 99 cents a pound too, but that doesn't mean I want to run out and eat turkey asses.
White people have been eating chicken soup for thousands of years.
Chicken butt and turkey butt is sooo delicious. Next time you see a roasted bird you should try it.
gross.
we force feed the fattest chickens getting the fattest feet. ew.
i prefer to eat free range. and to delude myself with the image of happy chickens running around in the dirt with normal size feet.
those fun-loving chinese will eat anything.
that's what she said
My, the witty puns are sure afoot this morning.
Nom nom nom!
haha that's funny. and clever.
I always kind of wondered how the ratio of wings to chickens works out. To make an order of ten chicken wings requires five chickens. So to keep all the hot wing joints running requires a whole lot of chickens. Could there ever be a risk of not having enough chickens to meet the demand for wings? Apparently not - so far.
Dear China,
No more chicken feet until you buy another $200 billion in Treasuries at the next auction.
Sincerely, The United States of America