Senators Seek to Penalize China for Trade Policy
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Proposed legislation aims to forcing penalties on China over its policy of suppressing the value of its currency to promote exports.
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WASHINGTON -- The Bush administration, under pressure from a Democratic-controlled Congress to do something about America's soaring trade deficit, filed a trade case Friday against China in a dispute involving government subsidies.
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Under pressure after a U.S. move against Chinese seafood and a huge recall of Chinese toothpaste in Japan, Beijing urged trade partners on Friday to accept its products unless they violate contract terms or local regulations.
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The United States, the European  Union and Canada are expected to ask the World Trade  Organization on Friday to decide whether China is restricting  imports of foreign auto parts in violation of international  rules, U.S. and EU officials said on Thursday.
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BEIJING -- China wants to keep its trade surplus in check this year, Commerce Minister Bo Xilai said today.
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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 U.S. Congress will act soon to  address the issue of Chinese food and product safety, something  Beijing should not take as a trumped-up political act, two U.S.  lawmakers said on Tuesday.
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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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Federal regulators could collect more than $200 million a year in import fees under legislation introduced yesterday by a senior Senate Democrat that aims to strengthen oversight of food brought into the country.
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A Senate vote this week on a  controversial bill threatening to impose steep tariffs on  Chinese exports to the United States was put into doubt on  Tuesday after the bill's authors said they were unsure whether  to press ahead with the vote.
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The U.S., European Union and Canada said they planned to ask the W.T.O. to investigate whether China has unfairly raised tariffs on imported auto parts.
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WASHINGTON The Bush administration has agreed to consider a petition from a coalition of textile manufacturers, along with the union representing their workers, asking that the federal government limit imports from China next year, an action that could
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The World Trade Organization imposed penalties yesterday on exports ranging from apples to textiles, escalating a trade dispute the Bush administration has tried to defuse by unsuccessfully urging Congress to repeal legislation aimed at protecting US steel makers.
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Global finance chiefs sought 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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U.S. lawmakers have resurrected a petition seeking a formal investigation of China's currency policy, in a challenge of the Bush administration's handling of trade relations with Beijing.
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The Canadian government said on Tuesday that it was considering trade sanctions on a range of imports from the United States to retaliate for Washington&#39;s refusal to abandon an anti-dumping law.
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BEIJING -- China said today that it will slap a tax on some of its textile exports in a nod to trading partners who fear that less expensive Chinese goods will flood their markets when global quotas on textiles expire next month. China will impose an export duty on certain, unspecified textile products, the English-language China Daily newspaper said, citing ...