China cancels U.S. trade trips

[NNN0LHI]

http://money.cnn.com/2003/11/19/news/international/trade_china.reut/

China cancels U.S. trade trips

Country scraps trips to buy farm goods, soybeans after Bush administration puts quotas on textiles.

November 19, 2003: 7:52 AM EST

BEIJING (Reuters) - China denounced a move by the United States to cap selected textile imports Wednesday and scrapped missions to buy American farm goods, saying the U.S. measure sullied the spirit of free trade.

Government officials postponed indefinitely a plan to send a delegation to buy U.S. cotton and wheat, an industry source in Hong Kong told Reuters, news that followed cancellation of a separate trip to buy soybeans.

The cancellations were blamed on visa and logistical problems but raised fears they were retaliation for the U.S. quotas on imports of some Chinese textiles.

The Bush administration said Tuesday it would slap import quotas on Chinese knit fabrics, bras and robes, signaling a new line of attack against the world's fifth-largest trading nation. Some U.S. officials have blamed job losses on the rapid rise of Chinese textile imports.

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[Don_G]

1. They're Not Happy About The Steel Tarriffs Either

Or the US position about Taiwan. I wonder what else is going unreported?

[Media_Lies_Daily]

2. Things aren't tense enough...let's piss off China!

[Zech Marquis]

3. only the start of it I'm afraid

I think China and the EU will smack the * gang around with their economic might, especially with the election coming up, these guys will be playing hardball for sure. Just more economic genius from the royal chimp :evilgrin:

[Don_G]

4. Don't Forget

Japan, South Korea, Brazil, Switzerland, Norway.....

[Holly]

5. and Canada

we've had enough too.It takes an awful lot to piss us off, but mission accomplished.Interesting to note that our PM just finished successful trade talks with China.

[Spazito]

6. Yep, and Martin is talking about the need for diversification ...

and the need to look at many countries for our exports. Very interesting, imo.

[Holly]

7. Martin specificaly mentioned

China and India...two huge markets and will soon be the dominant markets in the world. Things are happening fast.

[Socialist Christian]

8. This will die down. China is too powerful a force for the philistine <nt>

[smirkymonkey]

9. Will someone enlighten me please??

I may be missing something, but WTF is he DOING!!! Not to mention yanking jobs from England - Does this seem suicidal to anyone else??

:wtf:

[SpiralHawk]

10. "This is another fine mess you've gotten us into, Chimpy"

- with a tip of my derby to Stan Laurel and Oliver Hardy.

[Johnyawl]

11. Well, that should make the farm lobby happy!

NOT!