First they came for the tires; now it is steel pipe. The US is launching an investigation regarding claims that China illegally dumped $382 million in steel pipe on the Us market in 2008. While the amounts are minuscule in the big picture, the action is sure to further infuriate the Chinese and fuel the cycle of claim and counter-claim in the trade wars.
Trade friction between the US and its banker tends to be a big dollar negative for fear that China will cut the US”s purse-strings.
