Contrary Riches

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Saturday, September 12, 2009

Trade Wars between China & US?


Definitely NOT a good thing when one debtor (the US) starts up a trade war with their enabler (China).
China lashed a U.S. decision to impose duties on Chinese-made tires, calling them flagrant
protectionism that sent the wrong signal before the next G20 summit and risked a "chain reaction" that could slow global recovery."China strongly condemns this grave act of trade protectionism by the U.S.," the spokesman for China's Ministry of Commerce, Yao Jian, said in a statement issued on the Ministry website on Saturday.

Posted by ContraryRiches at 11:26 PM
Labels: china, economy, trade war

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  • ▼  2009 (112)
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      • Investing in Time Shares PLUNGE!
      • Are we supposed to be surprised???
      • Bye bye, US Dollar. Hello.....(global currency? R...
      • A Change in Lifestyle of the United States
      • When will Real estate return to its peak values?
      • The reality of Cap & Trade
      • Trade Wars between China & US?
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