Home News Weather Finance Travel Maps Movies Lottery Horoscopes Games
 SECTION: INTERNATIONAL TRADE: AGREEMENTS, DISPUTES, STATS
Search The Web:
DOMAIN NAMES
AS LOW AS $2.99 / YR.
China, U.S. Trade Disputes Widen
Monday, 14-Sep-2009 2:34AM United Press International
USTINET NEWS

 » Front Page

 » Top Stories

 » U.S.

 » World

 » Politics

 » Business

    Front Page

    Industires

    Labor & Unions

    World Econmony

 » Sports

 » Health

 » Tech/Science

 » Living/Entertainment

 » Off Beat Stories

 » News Photos

 » Weather


Special Editions

 » Iraq & Conflict

 » Israel/Palestine

 » Crimes & Laws


MultiMedia

 » Interactive Features

 » News Photos


POLL: Your Opinion

 » What Do You Think




BEIJING, Sept. 13 (UPI) -- China pushed back against U.S. tariffs on its products Sunday, with anti-dumping and anti-subsidies inquiries into American automotive and chicken products.

SAVE MONEY ON TRAVEL DEALS

Announcing the measures, the Chinese Commerce Ministry did not call them retaliation but responses to domestic concerns, adding they are in line with World Trade Organization rules, the China Daily reported.

The ministry, while stressing its stand against protectionism, said Chinese businesses had complained that U.S.-made products entered the nation's markets with "unfair competition" and harmed domestic industries.

The New York Times said the Chinese retaliatory steps come in response to U.S. President Barack Obama's decision Friday to impose up to 35 percent tariffs on Chinese tire imports.

Chinese tire exports totaled about $1.3 billion in the first seven months of this year. During the same period, the United States exported about $800 million worth of automotive products and $376 million worth of chicken to China, the Times reported, citing figures from Global Trade Information Services in Columbia, S.C.

Over the weekend, there had been several strong statements on Chinese Web sites against the U.S. decision, including calls for selling off China's U.S. Treasury bonds, the report said.

China holds more than $700 billion of U.S. Treasury bonds, making it the largest creditor to Washington. President Obama is scheduled to travel to Beijing in November.

Eswar Prasad, a former China division chief at the International Monetary Fund, told the Times the widening trade disputes between the two countries could worsen.

- - - - - - - - - - - - - - - - - - - -
Related News Topics:

High-priority business news
Agriculture, fishing, forestry
The car and truck industry
International trade: agreements, disputes, stats
Chinese business news
News covering industry
News of world economies
News of Asia and Oceania

 BREAKING STORIES

Mob allegedly muscling WTC contractor

Lohan sues E-Trade over milkaholic baby

Senate plan would ditch cap-and-trade

Russian children sickened by food imports

EU to resume Central America trade talks

Sweden to import wolves

U.S pork rind makers angry over imports

U.S. fish importer admits tariff evasion

Kraft, Cadbury trade barbs

WTO rules against China on entertainment

Lee didn't expect or want surprise trade from Phillies

Charcoal trade threatens gorillas

U.S., China trade barbs at Copenhagen

House Republicans urge trade pact support

Bill to ban imported large snakes advances

Canada posts trade surplus in October

Yankees trade for OF Granderson

Bill banning imported nuke waste stalled

WTO head warns against protectionism

South Korea's Nov. exports up 18.8 percent

Home News Weather Finance Travel Maps Movies Lottery Horoscopes Games
Home :: My Page :: My WebMail :: My Calendar :: My Portfolio :: Chat :: Help Center :: Sign In :: Sign Out

MY.USTI.NET PORTAL  -  © 1996 - 2004 USTINET CORPORATION. ALL RIGHTS RESERVED.
Please see our Privacy Policy, Security Guarantee, Terms of Use for additional information.