Because the United States showed just a little sign of life and challenged China's dumping of tires in yet another unfair trade practice, the main stream media screams absurdities.
Take this headline Treasuries Gain as U.S.-China Trade Tensions Threaten Recovery and this one Yen Rises Versus Euro on Signs Trade Protectionism Increasing .
What really happened? China was dumping tires to U.S. markets in order to destroy and capture yet another good by producing under cost, flooding the market to drive down prices temporarily and plain put U.S. tire makers out of business.
China has done this repeatedly and there is nothing free trade about these techniques. China also manipulates it's currency to the point it can be attributed to almost all of the China-U.S. trade deficit.
Recall China is 83% of the non-oil U.S. trade deficit.
So, hello, isn't it a good idea to revitalize U.S. manufacturing and the economy? Anyone notice that the trade deficit subtracts from the U.S. economy? Anyone notice the U.S. unemployment rate or how wages have dropped about 5% this year? Does Bloomberg believe the U.S. will only recover by destroying yet another American industry?
So, now it is protectionist to stop a nation from unfairly trying to wipe out your economy?
These scare tactic headlines are just that. What are they trying to do?