The smell of trade war is suddenly in the air.(Not too sudden) Mr. Obama slapped a 35% tariff on Chinese tires Friday night, and China responded on the weekend by threatening to retaliate against U.S. chickens and auto parts.The Wall Street Journal reports
Back in May I wrote at YankeePhilip that Trade Wars Brewing. I also wrote in March Welcome back to 1930. Smoot-Hawley here we come. Way back in January, I wrote Will History Repeat itself.Others are beginning to notice.
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