Courtesy of Mish.
The US is suspicious of UK prime minister David Cameron and his trade policies with China.
Well why not? But the reverse is true as well. The UK has every reason to be suspicious of president Obama.
Such is the nature of trade politics where every country every country is out for itself.
There is really nothing new about this, but I will point out that massive trade disputes are hallmarks of deflationary times.
The Financial Times reports Cameron Adds to Pressure on China Over Maritime Disputes.
David Cameron arrived at the Group of Seven summit in Japan on Wednesday and added his voice to pressure on China to abide by international law in disputes in the South China Sea.
The British prime minister is suspected by the US of toning down criticism of China as he tries to make the UK the “best partner in the west” to Beijing, setting up an awkward G7 session on Asian security issues on Thursday.
Britain is far from alone in seeking to boost exports to, and inward investment from, China. Angela Merkel, German chancellor, and President François Hollande of France, who are attending the G7 summit, have also made big trade pushes.
Officials in Washington have criticized the “constant accommodation” of China by Britain.
Suspicion
US Hits China and Others with More Steep Steel Duties
