Obama Administration Protectionism Goes “Nuclear” – Seeks “Total Ban” On Chinese Steel
by Michael Shedlock via MishTalk.com,
ZeroHedge.com
Jun 7, 2016
A huge global trade war is on the horizon, regardless of whether Hillary or Trump wins the election, as the Obama administration’s own protectionists are on the cusp of a “Pyrrhic victory” over China. In 2011, the US put huge tariffs on Chinese-made tires (to the detriment of consumers and the auto industry). China responded with anti-dumping tariffs on GM.
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