Saturday, November 7, 2009

Trade War Continues

BBC News has an online article titled US hits China pipes with tariffs. It tells of yet another U.S. governmental tariff increase on imported goods. This time it is on Chinese oil well pipes. Quoting the article:

The announcement is the latest in a series of trade disputes between the US and China, which called the move an "abuse of protectionist measures".


This and other actions previously documented at this website bring to mind disturbing parallels to the Smoot Hawley Act; a major contributory cause for the depression.

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