Monday, September 14, 2009

Economics II

That didn't take long.

HONG KONG — China unexpectedly increased pressure Sunday on the United States in a widening trade dispute, taking the first steps toward imposing tariffs on American exports of automotive products and chicken meat in retaliation for President Obama’s decision late Friday to levy tariffs on tires from China.
What's most amusing here is the description of the move as somehow "unexpected". It seems nobody at the Times is old enough to remember what happened the last time this was done, and we already know that history is an optional course for Journalism majors.

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