National Debt Clock

Saturday, November 7, 2009

China Brands US ‘Protectionist’

China on Friday accused the US of protectionist and biased trade policies less than a week before president Barack Obama’s first visit to Beijing.

In a stinging rebuke to Washington, China’s commerce ministry promised to take measures to protect its domestic industry after the US slapped anti-dumping duties on $2.6bn of Chinese steel pipe imports. The duties are part of a growing roster of trade conflicts between the two countries, despite a high-level meeting last week in China aimed at reducing tensions.

It would be wise to not piss off those that hold so much of our debt. They could bring us to our knees if they decided to cash out.

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