Last week the US put duties on Chinese steel pipe. This week China puts duties on US and Russian electrical steel.  Getting into a trade war now is as crazy as the Smoot-Hawley Tariff Act was in the 1930s.

Remember this………

China will do only what China wants. 
China will do only what China wants when it wants.
China cannot be bullied into doing anything that hurts China.

China puts duties on US, Russian electrical steel

(AP:BEIJING) China announced antidumping duties of up to 64.8 percent on U.S. and Russian steel used by the power industry Tuesday amid a series of disputes with the United States and other trading partners.

Investigators also found U.S. producers of flat-rolled electrical steel received subsidies, the Commerce Ministry said.

“That has hurt the Chinese industry substantially,” the ministry said on its Web site.

Duties of 7.8 percent were imposed on AK Steel Corp. and 19.9 percent on Allegheny Ludlum Corp., the two U.S. companies that responded to a one-year-long probe, while the rate was 64.8 percent for other U.S. producers, the ministry said. AK steel also faces anti-subsidy duties of 11.7 percent and Lodium 12 percent.

The measures took effect Saturday.

Russian producers OJSC Novolipetsk Steel and VIZ-Stal Ltd. were slapped with antidumping duties of 6.3 percent while other Russian companies were hit with a 24 percent duty.