By Mark O’Byrne – Re-Blogged From http://www.Silver-Phoenix500.com
Trade war between two superpowers continues to escalate
– White House likely to impose steep tariffs on aluminium and steel imports on ‘national security grounds’
– US may impose global tariff of at least 24% on imports of steel and 7.7% on aluminium
– China “will certainly take necessary measures to protect our legitimate rights.”
– China is USA’s largest trading partner, fastest-growing market for U.S. exports, 3rd largest market for U.S. exports in the world.