http://www.ft.com/cms/s/0/6b6956e6-cb01-11de-97e0-00144feabdc0.html
China on Friday accused the US of protectionist and biased trade policies less than a week before president Barack Obama’s first visit to Beijing.
In a stinging rebuke to Washington, China’s commerce ministry promised to take measures to protect its domestic industry after the US slapped anti-dumping duties on $2.6bn of Chinese steel pipe imports. The duties are part of a growing roster of trade conflicts between the two countries, despite a high-level meeting last week in China aimed at reducing tensions.
It would be wise to not piss off those that hold so much of our debt. They could bring us to our knees if they decided to cash out.
Showing posts with label tariff. Show all posts
Showing posts with label tariff. Show all posts
Saturday, November 7, 2009
Sunday, September 13, 2009
US Tire Duties Sparks Potential Trade War With China
http://www.ft.com/cms/s/0/f67c6fe6-a024-11de-b9ef-00144feabdc0.html
A full-blown trade row erupted on Sunday night between the US and China after Beijing accused Washington of “rampant protectionism” for imposing heavy duties on imported Chinese tyres and threatened action against imports of US poultry and vehicles.
Trade relations between two of the world’s biggest economies deteriorated after Barack Obama, US president, signed an order late on Friday to impose a new duty of 35 per cent on Chinese tyre imports on top of an existing 4 per cent tariff.
Smoot hawley what?
A full-blown trade row erupted on Sunday night between the US and China after Beijing accused Washington of “rampant protectionism” for imposing heavy duties on imported Chinese tyres and threatened action against imports of US poultry and vehicles.
Trade relations between two of the world’s biggest economies deteriorated after Barack Obama, US president, signed an order late on Friday to impose a new duty of 35 per cent on Chinese tyre imports on top of an existing 4 per cent tariff.
Smoot hawley what?
Saturday, September 12, 2009
U.S. to Impose Tariff on Tires From China
http://www.washingtonpost.com/wp-dyn/content/article/2009/09/11/AR2009091103957_pf.html
In one of his first major decisions on trade policy, President Obama opted Friday to impose a tariff on tires from China, a move that fulfills his campaign promise to "crack down" on imports that unfairly undermine American workers but risks angering the nation's second-largest trading partner.
The decision is intended to bolster the ailing U.S. tire industry, in which more than 5,000 jobs have been lost over the past five years as the volume of Chinese tires in the market has tripled.
The tire tariff will amount to 35 percent the first year, 30 percent the second and 25 percent the third.
Although a federal trade panel had recommended higher levies -- of 55, 45 and 35 percent, respectively -- the decision is considered a victory for the United Steelworkers union, which filed the trade complaint.
Whoppie, 5000 jobs, someone is getting a kickback here...
In one of his first major decisions on trade policy, President Obama opted Friday to impose a tariff on tires from China, a move that fulfills his campaign promise to "crack down" on imports that unfairly undermine American workers but risks angering the nation's second-largest trading partner.
The decision is intended to bolster the ailing U.S. tire industry, in which more than 5,000 jobs have been lost over the past five years as the volume of Chinese tires in the market has tripled.
The tire tariff will amount to 35 percent the first year, 30 percent the second and 25 percent the third.
Although a federal trade panel had recommended higher levies -- of 55, 45 and 35 percent, respectively -- the decision is considered a victory for the United Steelworkers union, which filed the trade complaint.
Whoppie, 5000 jobs, someone is getting a kickback here...
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