U.S. Limits Chinese Sock Imports
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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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China said it will tax some textile exports and curtail investment in its domestic industry after the US and European Union threatened restrictions on an expected flood of Chinese clothing when quotas expire Jan. 1.
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BEIJING: China said Thursday it is opposed to planned US duties on Chinese bedroom furniture imports despite the US Department of Commerce having removed many of the tariffs on several producers.
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Beijing (dpa) - China is certain to be one of the major beneficiaries of the end of the international quota system for textiles and clothing next year, but it hopes to limit the impact of the change on global markets.
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Beijing: China has assured its trading partners that it will not swamp the global textile markets after the abolition of quota restrictions from January 2005 and will take eight steps to ensure it.
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The Food and Drug Administration says Xulong and other Chinese companies will be restricted from selling certain types of seafood in the United States.
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China has decided to impose duties on its exports of textiles and apparel, a move that could ease worldwide fears that Chinese clothing makers will soon dominate the global market after its liberalization on Jan.
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China on Friday protested against US actions to impose quotas on textiles, saying the move violated World Trade Organization principles and would harm bilateral trade.
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Conspicuous by their silence, US retailers and apparel makers are waiting on the sidelines while domestic textile companies take what may be their last stabs at preserving limits on imports of garments made in China.
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The United States is imposing new export controls on high-tech goods ranging from aircraft to space communication systems that could be used by China's rapidly expanding military, the U.S. Commerce Department said on Friday.
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US manufacturing and labor groups are asking the Bush administration for import caps on almost $2 billion in clothing and fabric from China.
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The move is expected to dampen prospects for companies that have focused on taking advantage of the Chinese market.
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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 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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Chinese textile exporters have lashed out at the latest attempts by the US to restrict imports of textile and garment products. The Committee for the Implementation of Textile Agreements, an interagency group
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The Bush administration, under  pressure from Congress to be tougher on trade, will seek to  eliminate Chinese government subsidies for steel, computers,  clothing and many other industries in a case launched on Friday  at the World Trade Organization.
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HONG KONG The Commerce Ministry in China plans to impose tariffs on some textile exports, a step that could avert a trade war with the United States and the European Union over a new influx of low-cost Chinese garments that had appeared likely to flood