U.S. Limits Chinese Sock Imports
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U.S. imports of socks from China will be strictly limited next year, the Bush administration announced yesterday -- a decision that could herald similar action against other types of Chinese-made clothing that have the potential to dominate world markets.
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Beijing, Oct. 31. (PTI): China has asked the US not to &quot;sabotage&quot; booming bilateral trade ties by limiting imports of cotton trousers made by manufacturers of the Communist nation.
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China on Monday exercised its right to temporarily block a World Trade Organisation (WTO) investigation into Chinese rules affecting the sale of U.S. films, music, books, magazines and newspapers, diplomats said.
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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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The United States is tightening  export controls on high-tech goods ranging from aircraft to  space communication systems that could be used by China in its  military modernization program, a U.S. Commerce Department  official said on Friday.
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China said it will tax some textile exports and curtail investment in its domestic industry after the US and European Union threatened restrictions on an expected flood of Chinese clothing when quotas expire Jan. 1.
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Lamps, birthday candles, mouse traps  and flip-flops. Such is the stuff that binds the modern  American family to the global economy, author Sara Bongiorni  discovers during a year of boycotting anything made in China.
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On Friday, just days before the presidential election, the Bush administration agreed to consider a petition from a coalition of embattled textile manufacturers that would limit some imports from China.
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China said it strongly opposes the United States&#39; decision to consider imposing quotas on Chinese textile and clothing imports, warning it goes against the World Trade
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The US textile industry officials would plead for blocking Chinese imports to the Bush administration this month. Earlier this year, the White House had rejected a similar request made by 130 Republican and Democratic members of Congress.
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China on Friday protested against US actions to impose quotas on textiles, saying the move violated World Trade Organization principles and would harm bilateral trade.
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HONG KONG The Commerce Ministry in China plans to impose tariffs on some textile exports, a step that could avert a trade war with the United States and the European Union over a new influx of low-cost Chinese garments that had appeared likely to flood
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China has suspended imports from several major U.S. meat processors, the latest indication the government may be retaliating as its products are turned back from overseas because of safety concerns.
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BEIJING: China said Thursday it is opposed to planned US duties on Chinese bedroom furniture imports despite the US Department of Commerce having removed many of the tariffs on several producers.
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China&#39;s trouser exporters are bracing themselves against the threat of a US trade war aimed at their products. US officials opened an investigation on Friday into whether Chinese trouser makers were pocketing an unfair share of the world market.
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Exports from China are shifting from basic goods like textiles, toys and shoes to higher-value industrial goods that compete more directly with products from advanced industrialized countries.
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The United States and Indonesia  signed an agreement on Tuesday to stop clothing from China,  Vietnam and potentially other suppliers from illegally entering  the U.S. market as Indonesian goods.