Sunday, May 22, 2005
Tariffs for China have pros and cons
Indystar.com
Dorothy Taylor of Indianapolis unloaded her few purchases Tuesday into her minivan in the West 86th Street parking lot of Wal-Mart, one of 2,864 stores in a chain that is the single largest U.S. importer of Chinese merchandise.
Some 70 miles to the southeast, Lester Lee of North Vernon prepared his 300,000-square-foot Shelbyville factory for final assembly of Maxim cement-mixer trucks to be imported from China.
And 120 miles to the north, Richard Herzberg, owner of a small stamping plant in Mishawaka, leafed through his collection of recent advertisements for machinery auctions at closed Midwestern factories. He will show the ads to the Precision Metalforming Association in Washington, a trade group lobbying for fewer Chinese imports.
Across Indiana, trade with China has been at once routine and welcome, controversial and political. Soon it could become something else: more expensive.
Trade groups and politicians are considering limits on imports from China. But economists say trade reform carries a cost
Dorothy Taylor of Indianapolis unloaded her few purchases Tuesday into her minivan in the West 86th Street parking lot of Wal-Mart, one of 2,864 stores in a chain that is the single largest U.S. importer of Chinese merchandise.
Some 70 miles to the southeast, Lester Lee of North Vernon prepared his 300,000-square-foot Shelbyville factory for final assembly of Maxim cement-mixer trucks to be imported from China.
And 120 miles to the north, Richard Herzberg, owner of a small stamping plant in Mishawaka, leafed through his collection of recent advertisements for machinery auctions at closed Midwestern factories. He will show the ads to the Precision Metalforming Association in Washington, a trade group lobbying for fewer Chinese imports.
Across Indiana, trade with China has been at once routine and welcome, controversial and political. Soon it could become something else: more expensive.
Trade groups and politicians are considering limits on imports from China. But economists say trade reform carries a cost
