End of fiber pact may mean China-US trade war
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BEIJING: The end of 30 years of global garment quotas should be a huge long-term boon for Chinaâs low-cost producers. But in the short run, it may instead mean a trade war between Washington and Beijing.
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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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OTTAWA (CP) - Just a week before George W. Bush arrives in Ottawa, the federal government is warning of a possible trade war with the United States.
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Chinaâs landmark trade agreement with Southeast Asian leaders is the latest example of how the communist giant is claiming a growing role in a region long dominated by the United States.
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Trade Representative Susan Schwab on Tuesday warned of a growing threat to U.S.-China trade relations because of protectionist impulses in both countries.
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China and other Asian economies should brace themselves for possible severe trade friction with the United States due to large American trade deficits, a top US economist says.
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The once-favorable US tariffs that built a labor-friendly garment industry may now be its undoing.
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Investor's Business Daily - Trade negotiators may be near a breakthrough, said U.S. Trade Rep. Susan Schwab. The Bush administration is hoping, after over 6 years of fractious talks, to overcome divisions over tariffs, subsidies and other trade rules, and produce a new global pact before Pres. Bush leaves office. Rich nations want lower tariffs on industrial goods and services; poor nations want farm subsidies and tariffs scrapped.
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The Bush administration, under  pressure from Congress to be tougher on trade, will seek to  eliminate Chinese government subsidies for steel, computers,  clothing and many other industries in a case launched on Friday  at the World Trade Organization.
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The main stumbling block in the Doha Round of global trade talks is the failure of the United States and European Union to make substantial concessions on agriculture, China's commerce minister said on Monday. The World Trade Organization formally relaunched the Doha round of negotiations last month after a six-month suspension that was triggered by differences among major trading partners, especially the United States and EU, over farm subsidies.
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The expiration of WTO textile quotas at the end of 2004 is expected to jeopardize jobs in some of the world's poorest places as the textile industry uproots to consolidate in low-cost China.
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Bloomberg - June 22 (Bloomberg) -- The collapse of World Trade Organization talks over a new global agreement leaves President George W. Bush without a lever to prod Congress to renew his trade promotion authority before it expires at the end of this month, lawmakers and business lobbyists say.
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BEIJING  - China has urged the US government not to limit imports of Chinese cotton trousers, warning such moves would violate WTO principles of free textile trade and hurt trade relations.
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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 has said that it will consider US manufacturers&#39; petitions to control imports of Chinese textiles. Trade experts have said the US government increased
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US textile-trade groups said yesterday that they would pursue safeguards that target the threat of Chinese imports flooding the US market once quotas expire Jan. 1. The groups - the American
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As it stands, there's almost twice as much bandwidth across the Atlantic as there is across the Pacific. But with new U.S. FCC approval for the first ever China-U.S. fiber link, this is all about to change.