Source: http://www.kfiam640.com/pages/CPayne.htmlCharles Payne wrote:
Trade War
China announced it is slapping tariffs on American poultry of up to 105.8% as an anti-dumping measure. China began investigating poultry dumping two days after the United States imposed stiff tariffs on imported Chinese tires in a move to protect union jobs mostly in the rust belt and key voting bloc states. Poultry is one of those rare niches that the US has a trade surplus with China. The Chinese have been angling for years to export cooked chicken into the United States but has been met with heavy resistance from powerful chicken farmers and other lobbies. On that note the Chinese have block imports of certain pork products. In the past China has brought the US pork industry to its knees.
Much is being made of the aggressive tactics China used to obtain the freedom of a Chinese fishing boat captain arrested by Japan in disputed territorial waters. Even after his release Japanese traders have noted imports of rare earth material has not resumed.
China is going to become more aggressive as it feels its oats of having the hottest economy in the world. Still, the US has been forcing the issue as well, nipping like a hyena at a lion, and recently imposing duties on Chinese steel pipe makers.
---
Here's an article from 2009 about Obama placing tarrifs on Chinese tires. I guess now that China finally has leverage that they'll start flexing their muscles. Lets see who blinks first.