China puts duties on US, Russian electrical steel

Last week the US put duties on Chinese steel pipe. This week China puts duties on US, Russian electrical steel.

Getting into a trade war now is as crazy as Smoot Hawley Trade act was in the 1930s.

China announced antidumping duties of up to 64.8 percent on U.S. and Russian steel used by the power industry Tuesday amid a series of disputes with the United States and other trading partners.

I agree. A global economy with the extent of the trade imbalances must continue as is or risk the painful rebalancing that began and was truncated in 2008-2009 by massive liquidity.

Source: news.ino.com