US moves to place new duties on steel from China

The U.S. government is imposing new duties on imports of steel pipes from China, the latest sign of trade tensions between the two countries

Duties - Tarriffs, same difference. Beggar thy neighbor policy where one country seeks to gain benefit at the expense of others.

Smoot–Hawley Tariff Act

The Smoot–Hawley Tariff Act of 1930 (P.L. 71-361, sometimes known under its official name, the Tariff Act of 1930)[1] was an act signed into law on June 17, 1930, that raised U.S. tariffs on over 20,000 imported goods to record levels. The ensuing retaliatory tariffs by U.S. trading partners reduced American exports and imports by more than half and according to some views may have contributed to the severity of the Great Depression.[2][3][4]Source: http://en.wikipedia.org/wiki/Smoot-Hawley_Tariff_Act

Source: http://finance.yahoo.com/news/US-moves-to-place-new-duties-apf-3056097711.html?x=0&sec=topStories&pos=4&asset=&ccode=