U.S. Upholds Tax on Chinese Goods
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In an action likely to increase trade tensions with China, the Bush administration reaffirmed its policy of imposing duties on certain imports, paving the way for possible tariff increases.
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The US Commerce Department Tuesday upheld tariffs on shrimp imports from China and Vietnam in an anti-dumping investigation requested by shrimp producers.
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It looks like the US has upheld its penalty tariffs on importing shrimp from Vietnam and China--to the relief of American shrimp producers and the detriment of consumers.
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Trade between China and the United States maintained a strong momentum of development in 2004. The later maintained one of China&#39;s top three trade partners with both cooperation as well as disputes.
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Turning the tables on the United States amid growing worries over dangerous Chinese products, Beijing said Friday some health supplements and raisins imported from the U.S. failed to meet China's safety standards and have been returned or destroyed.
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China defended its record as a member of the World Trade Organization on Monday, five years after joining the global trade arbiter and days before talks with U.S. officials who have said China is not pulling its weight.
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The Bush administration announced Friday that it was tightening controls on exports to China of a range of high-technology products that could be used by China's military.
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The U.S. Commerce Department could  change proposed export controls aimed at making it harder for  China to modernize its military, but has no intention of  scrapping the plan, a U.S. official said on Thursday.
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The World Trade Organisation (WTO) has said that the US should not have imposed import duties on South Korean memory maker Hynix. However, early indications suggest the US may be preparing to appeal against the judgement.
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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 ...
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China will buy more American-made products and crack down harder on people who steal intellectual property, a Foreign Ministry spokeswoman said yesterday amid growing discontent in the United States over a soaring trade deficit with Beijing.
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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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By Joe McDonald Associated Press  BEIJING -- China has promised to pursue product pirates identified by U.S. authorities in a new effort to stamp out its thriving counterfeit industry, the head of the U.S. Customs agency said Friday.
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WASHINGTON - The Bush administration said Friday that neither China nor any other major trading partner of the United States is violating a US law against currency manipulation to gain unfair trade advantages.
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America has not changed its strong dollar policy and still expects China to make its own currency more flexible, a Treasury official said on Monday, shrugging off comments from Beijing that had jolted markets.
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The Bush administration won a commitment today from China to move "firmly and steadily" to a flexible currency, though the Chinese did not offer a firm timetable.
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A flurry of safety warnings about Chinese goods ranging from toothpaste to tires failed to dent the world's voracious appetite for China's exports in June.