China: Investigating US Auto, Chicken Product Imports -- Wall Street journalBEIJING (Dow Jones)--China on Sunday singled out U.S. automotive and poultry product imports for investigation after the Obama administration decided to put steep import duties on Chinese tires.
Signaling that China is perhaps looking to retaliate, the Ministry of Commerce said in a statement it is investigating complaints from local industries that some of these products are being dumped in the Chinese market or are benefiting from subsidies, "seriously affecting" domestic industries.
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More News On The Rising Of Trade Tensions Between The U.S. And China
China and US in new trade dispute -- BBC
China hits back in trade dispute with US -- AFP
US tyre duties spark clash -- Financial Times
Keeping Google out of libraries -- Bloomberg
Finally, a President with the Guts to Enforce Trade Laws -- Huffington Post opinion
My comment: This has been brewing for over a decade. President Obama is drawing a line in the sand as a warning to the Chinese, and also as a warning to U.S./foreign companies who have invested and/or about to invest in China.
The implications from this U.S. trade action are profound, and will impact China severely.
1 comment:
I think it's about time we started retaliating for China abusing our pursuance of free trade charging us 18-20% tariffs on our goods.
When the debates took place on the auto companies NO ONE mentioned that fact nor the one where U.S. auto companies were required to build vehicle factories in China in order to sell them in China.
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