From Zero Hedge, an interesting article on the possibility (or likely probability in Zero Hedges view) that the US will name China a “currency manipulator” which will then lead to votes on trade sanctions :

On April 15 the Treasury will issue its report on International Economic and Exchange Rate Policies. Following a massive push by politicians and economic pundits alike, the probability that China will be branded a currency manipulator is extremely high, if not certain. Following the last few days of adverse developments in the Google censorship saga, it is unlikely that China will accept that particular title with a wink and a smile.

One of the comments sums up the general view on this course of action (emphasis mine) :

Yeah we need to piss in China’s rice bowl…so anyone on the Hill realize they are our biggest creditor?  Usually not the best gambit to piss off the biggest creditor when engaging in a massive increase in deficit spending. But what do I’m know, I’m not an government official.

Why to I get the feeling we are getting pushed into a trade/currency war with China and a new East-West Cold/Hot war?

Could the US really be that stupid when they have $1.14 TRILLION to offload in the next three months? I really think they could be.