by Mike ‘Mish’ Shedlock
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.