2009-09-13

Let the trade war begin (US vs China)

The move was anticipated and obvious, but what wasn't obvious was the speed at which it came: It took only two days for the Chinese government to come with their retaliation against the US after Obama imposed tariffs on tires imported from China.

Sept. 14 (Bloomberg) -- China announced a probe into the alleged dumping of American auto and chicken products, two days after U.S. President Barack Obama imposed tariffs on imports of tires from the Asian nation.

It's all déjà-vu.

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