Beijing set to impose own tariffs on textiles
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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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Officials of the United States textile industry said that they would petition to block the expected flood of Chinese imports.
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China said it would introduce export tariffs and increase rates on other items to rein in a record trade surplus and cut energy consumption and pollution.
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The Bush administration decided Friday that it will impose a quota on sock imports from China &#151; the latest round of an increasingly bitter trade dispute with Beijing &#151; showing a willingness to protect American workers ahead of the election.
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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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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 move could defuse a confrontation with the Bush administration, which is considering a limit on clothing imports because of fears that China's textile industry will swamp producers in the United States.
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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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The European Union is bracing for the expiry of import quotas on Chinese textiles at the end of the year amid fears of a new wave of T-shirts and trousers bearing "Made in China" labels flooding in.
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China expects its trade surplus to be around $10 billion in 2004, and sees friction over textile exports topping the list of trade troubles next year, a senior Commerce Ministry official said.
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China is ready to reduce tariffs and drop barriers for foreign products to enter its market next year, China Radio International reported Tuesday.
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Lawmakers in Beijing are about to pass legislation limiting foreign acquisitions in China on national security grounds.
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The US and the EU have responded cautiously to Chinaâs announcement that it would impose export duties on some textile products to ensure a âsmooth transitionâ on the
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The US textile industry said yesterday that it is formally asking the Bush administration to cap China&#39;s shipments of trousers, shirts, sheets and other textile items to the United States, warning
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Beijing has ordered provincial governments to begin a promised nationwide crackdown on forced labor in China, sparked by outrage over reports hundreds of farmers and children were enslaved in rural brick kilns.
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As learned from the Ministry of Commerce China will honor all of its commitments on key sectors from and after 2005. China will reduce its tariff to 10.1 percent on average in 2005 in line with its promise to the World Trade Organization.
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Beijing this weekend urged Washington, DC, not to limit imports of Chinese cotton slacks. The Ministry of Commerce said such a restriction would violate World Trade Organization principles and hurt trade relations.