U.S. says trade friction with China could escalate
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The United States sees potentially  escalating trade friction with China next year as Beijing is  stepping up restrictions on foreign investment and recent U.S.  Congressional elections create uncertainty, a U.S. trade  official said on Friday.
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In advance of sending a high-level U.S. delegation to Beijing, the Bush administration on Friday said China must move faster on reforms addressing America's soaring trade deficit or run the risk of a protectionist backlash.
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The United States gave China more  time last year to reduce widespread piracy and counterfeiting  of U.S. goods, but is again considering whether to take legal  action at the World Trade Organization, a top U.S. trade  official said on Thursday.
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Treasury Secretary Henry Paulson on Friday tried to wave off U.S. lawmakers' bid to tighten the screws on China over its currency policy by warning that it could make it harder to settle turbulent markets.
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Trade negotiators may be on the  brink of a long-awaited breakthrough that could push the  embattled Doha round on a course to completion, the Bush  administration's top trade official said on Wednesday.
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Global finance chiefs sought a way on Friday to put pressure on China to let its currency rise in value to ease global trade imbalances and also aimed to craft a message to soothe turbulent financial markets.
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A senior American trade official said here today that the United States would limit apparel imports from China if American manufacturers provided evidence that such limits were needed.
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China is making some progress but  not enough toward adopting a flexible currency regime and the  Bush administration will push "as aggressively as necessary"  for more, a U.S. Treasury spokesman said on Thursday.
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The United States has been unable to  resolve a dispute with China over treatment of foreign auto  parts and could ask the World Trade Organization to rule on the  matter, U.S. trade officials said on Tuesday.
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President Bush is likely to raise U.S. concerns about China's currency policies when he meets at a summit in Chile with Chinese President Hu Jintao, a senior U.S. official said on Wednesday.
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China sought to assure its trade partners on Thursday that its food products were safe, after the United States called Chinese food exports a "top concern" and pressed Chinese officials to strengthen oversight.
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China will impose tariffs on some textile exports in a move that may ease frictions with the United States and others over an expected flood of Chinese products on world markets after a global quota system expires at year's end.
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The Bush administration proposed new steps on Thursday it says China must take to ensure the safety of food and other exports, but it remained unclear if the measures would be embraced by Beijing.
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The Senate is likely to pass a bill  aimed at forcing Beijing to change its currency policies by  threatening a 27.5 percent tariff on Chinese exports to the  United States, a top Republican senator said on Thursday.
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The United States is reaching out to more countries as world trade talks slowly gain momentum, a U.S. trade official said on Tuesday, even as some U.S. farmers grow more hostile to a deal.
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In an action likely to increase trade tensions with China, the Bush administration reaffirmed its policy of imposing duties on certain imports, paving the way for possible tariff increases.
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The politically sensitive U.S. trade deficit widened more than expected in August to its second-highest level on record, fueled by the highest oil import prices in 23 years and record imports from China, the U.S. government said on Thursday.