In the news:

“Beijing filed a World Trade Organization complaint Monday over new U.S. tariffs on Chinese tires, stepping up pressure on Washington in the latest in a series of trade disputes.

The conflict is a potential irritant as Washington and Beijing prepare for a summit of the Group of 20 leading economies in Pittsburgh on Sept. 24-25 to discuss efforts to end the worst global downturn since the 1930s.”

More here at AP.
My Comment:

Begin the trade wars..or rather, so continue the trade wars.
America dumps subsidized farm products in China, China levies penalties on exporters who don’t use 40% Chinese parts in their products….it’s all part of the effort to shore up exports to prevent the economy of either country from sliding further into depression…