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Socialist Christian Donating Member (383 posts) Send PM | Profile | Ignore Thu Nov-20-03 06:29 AM
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China to raise tariffs on U.S. goods
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http://www.reuters.co.uk/newsPackageArticle.jhtml?type=worldNews&storyID=406195§ion=news

-----snip--------

BEIJING (Reuters) - China will raise tariffs on some American imports, the Commerce Ministry says, in a step that comes just days after a fresh trade spat sparked by a U.S. move to cap imports of selected Chinese textiles.

"The Chinese side will raise import tariffs on some commodities imported from the United States and we are currently studying relevant plans," Vice Commerce Minister Ma Xiuhong told the official Xinhua news agency on Thursday.

Putting some distance between the announcement and the U.S. move on textiles, Ma said the new tariffs were in response to U.S. duties on steel imports enacted a year and a half ago -- duties that the World Trade Organisation (WTO) has recently ruled illegal.

She did not elaborate and a ministry spokesman said details of the new duties were still being worked out.

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