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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The Bush administration, sending another signal that it intends to limit imports of clothing from China next year, announced yesterday that it will consider a request by the US textile industry
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WASHINGTON Leaders of the US textile industry plan to petition the US government this month to block the flood of Chinese imports that is expected next year after global quotas on textiles and apparel are lifted.
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BEIJING, Sept.12 -- A senior United States trade official strongly suggested that the Bush administration will move in coming weeks to limit imports of Chinese clothing, opening a new front in a simmering trade conflict with the world's most populous country in the final weeks of the presidential campaign.
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TORONTO (CP) - The end of trade quotas under a 30-year-old treaty won't radically transform the flow of apparel exports and imports, the head of China's clothing industry said Thursday.
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The United States has told China to get serious about relaxing the restraints on financial information providers in a letter that could represent a final warning before the U.S. asks the WTO to intervene in the matter, the Associated Press learned Wednesday.
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The country is split over a possible permanent trade deal with the US.
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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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A new 500-million-dollar fiber optic cable between China and the United States will be vital in helping to meet booming Internet traffic between the two nations, state press has reported.
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Trade tensions flared between the United States and China on Friday, as each brought disputes against the other at the World Trade Organisation (WTO).
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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 deal may stir worries in Washington that the United States is selling its competitive advantage an industry at a time.
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The step could avert a trade war with the U.S. and the European Union over a new influx of low-cost Chinese garments.
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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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WASHINGTON - On the eve of a presidential debate on domestic issues with employment a crucial concern, American textile companies and workers have asked President George W. Bush to help save their jobs by limiting Chinese imports, which may surge once a
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The US textile industry is deeply worried by competitors from India and China as the end of the quota system on December 30 approaches, a media report has said.
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China and the United States on Saturday signed a memorandum that Washington said "will pave the way" for Westinghouse Electric Co.Comment