China Relents, and Promises Textile Tariffs
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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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The prospect that Chinese exports will soon overwhelm the worldwide clothing market was thrown into doubt yesterday after Beijing announced it will tax its shipments of textiles and apparel once the global market is liberalized Jan. 1.
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China says the EU's decision to apply a two-year tariff on shoe exports was flawed and warns it may respond in kind.
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US import limits on cotton trousers made in China would violate free trade principles, Chinese textile exporters told state media Monday.
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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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China pledged to ``push ahead firmly and steadily&#39;&#39; toward a more flexible exchange rate without providing a timetable for the shift from a currency peg that is criticized by the Group of Seven industrial nations.
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New Delhi: Although Indian garment manufacturers cannot beat the Chinese capability in supplying bulk orders to retail chains in the developed world, with the imminent end of the global quota regime in textiles and clothing, getting supply of quality
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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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China on Tuesday lashed out a US decision to limit imports of socks made in China, saying China will &quot;retain the right to take further actions&quot; within the World Trade Organization
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Chinese textile manufacturers saidThursday they are &quot;highly concerned&quot; by a petition posted by United States textile industry to limit Chinese textile products in the US 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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China has agreed to place duties on certain textiles to placate fears that it will flood the world with low-cost products when textile quotas officially fall in three weeks, in response to pressure from the US and Europe.
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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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SHANGHAI - China will impose duties on textile and clothing exports to ease international concerns that mainland producers could flood markets when a decades-old quota system is lifted next month, state press reported Monday.
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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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BEIJING -- China wants to keep its trade surplus in check this year, Commerce Minister Bo Xilai said today.
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A top U.S. commerce official said he told China to expect American textile makers to seek new limits on Chinese imports as soon as next week, as he also urged Beijing to do more to stop piracy and lower trade barriers.