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 Bush administration yesterday declined to cite China for manipulating its currency to gain unfair trade advantages and also declined lawmakers' request to pursue a trade case on the current issue.
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The World Trade Organization has authorized punitive sanctions against US exports ranging from lobsters to crane trucks because Washington has failed to repeal the so-called Byrd amendment.
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The United States has won a preliminary ruling in a World Trade Organization case over Chinese tax policies that restrict imports of foreign auto parts, a U.S. trade official said on Wednesday.
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The European Commission is sticking  with its plan to lift sanctions on $4 billion worth of U.S.  goods on Jan. 1 following Washington's repeal of illegal export  tax subsidies in October, a spokeswoman said on Thursday.
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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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WASHINGTON: American clothing retailers and importers sued on Wednesday to prevent the Bush administration from slapping emergency restrictions on imports from China at the request of the domestic textile industry.
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China's promise to impose taxes on some textile exports will do little to sway the administration on whether to limit the expected flood of Chinese goods next year.
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The World Trade Organization on Friday approved stiff sanctions on U.S. exports ranging from almonds to ski jackets intended to punish Washington for failing to repeal the so-called Byrd amendment, said a key trade diplomat.
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The World Trade Organization imposed penalties Friday on U.S. exports ranging from apples to textiles, escalating a trade dispute the Bush administration has struggled to defuse by unsuccessfully urging Congress to repeal legislation aimed at protecting American steelmakers.
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The United States has set final  anti-dumping duties of up to 112.81 percent on shrimp from  China and up to 25.76 percent on those from Vietnam to offset  unfair pricing, the Commerce Department said on Tuesday.
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The US textile industry officials would plead for blocking Chinese imports to the Bush administration this month. Earlier this year, the White House had rejected a similar request made by 130 Republican and Democratic members of Congress.
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HONG KONG Brushing aside Chinese warnings of a possible challenge at the World Trade Organization, a senior US trade official said here on Friday that the United States would limit apparel imports if American manufacturers provided evidence that such
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China on Monday emphasized its determination to keep its currency stable despite ongoing pressure from the United States.
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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 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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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.