A statement from the office of U.S. Trade Representative Ron Kirk says he will announce the action later today.
Quote:Tuesday morning may bring a change in the way the United States does business with China. Reuters reported Monday night that US trade officials are set to announce a â€œmajor trade enforcement actionâ€ against China.Read more: http://www.neontommy.com/news/2011/09/us...rade-china
US Trade Representative Ron Kirk will announce the action during a press conference. No further information or details about the enforcement action have been provided.
As if that's not enough economic anemia keep your eyes on the Euro bye bye
Quote:China Pulls The Rug From Under Europe, Halts French Bank Transactions, Makes Good On Trade War UltimatumRead more: http://www.zerohedge.com/news/china-pull...-ultimatum'
(Chinas) concern at the EUR's safety (preferring US Treasuries), and indicate a clear preference for bonds over stocks - all the while warning of growing trade tensions - consider the sabre-rattled.
A real Rosie economic picture eh?