Monday, November 09, 2009

Trade war brewing for China & US?

You might have noticed some headlines over the weekend about protectionist back-and-forth between China and the US.

Specifically, the issue at hand centered on US tariffs imposed on Chinese steel goods and a resulting Chinese probe into US car imports. Of course, this is just the latest chapter in a growing list of Sino-US trade disputes.

However, Monday's news that a US trade panel has rejected an investigation into imports of Chinese steel fasteners may go some way to smoothing over latest tensions.

The timing of this trade debate is especially noteworthy as US President Barack Obama is scheduled to make his first trip to Asia next week, with stops in Beijing and Shanghai.

In the meantime, let's take a look at this post, "Is There a Trade War Between China and the US?", from Jim Gobetz (aka Aiki14) which examines trade practices between China and the US from both sides.