An international board announced that the world's largest steel producer, China, is selling steel at below cost, upending prices and creating international chaos among world producers and world markets. This is not a new charge. The US representative says that the administration will not sit back and accept this situation.
So, now steel. First, aluminum. It seems that our Chinese friends who believe the South China Sea is "their" lake front property, don't understand international trade. Hmmm. Doubt it. Maybe they think they are holding all aces and the rest of the world is holding crap.
Combine this situation with the inability of competitors to crack the Chinese market for anything that resembles a fair deal and we have a problem of global proportions. Heap on the North Korea missile launch and you can see how the situation could easily escalate into trading wars.
Your move, Mr. Xi.
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