Saturday, September 12, 2009

China Will Get Even, And We Will Pay

From Drudge and Reuters
"China blasts US tire duties as protectionist blow
Sat Sep 12, 2009 2:35pm EDT
By Chris Buckley and Doug Palmer

BEIJING/WASHINGTON (Reuters) - China decried a U.S. decision to impose added duty on Chinese-made tires, saying the move sent a dangerous protectionist signal before a G20 summit and could stoke reactions impeding global recovery.

But the White House played down the dispute, saying it was simply "enforcing the rules of the road" and did not expect the matter to escalate into a trade war." China blasts US tire duties as protectionist blow | Reuters

If a trade war starts, I have a question.

Who will ultimately pay for it? All of us. You were warned.

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