China to Probe Alleged ‘Dumping’ of U.S. Products

[Joanne98]

Source: Bloomberg

Sept. 14 (Bloomberg) -- China announced a probe into the alleged dumping of American auto and chicken products, two days after U.S. President Barack Obama imposed tariffs on imports of tires from the Asian nation.

Chinese industries have complained that they’re being hurt by “unfair trade practices,” the nation’s Ministry of Commerce said on its Web site yesterday. The Beijing-based ministry is also looking into subsidies for the products, it said. It didn’t specify the imports’ value.

The European Central Bank said last week that rising protectionism may hamper world trade and undermine the global economy’s recovery from recession. The U.S. placed tariffs starting at 35 percent on $1.8 billion of tire imports from China, backing a United Steelworkers union complaint against the second-largest U.S. trading partner.

“While there’s friction, I suspect that the two nations will keep any disputes under control,” said David Cohen, an economist at Action Economics in Singapore. “They understand that they’re increasingly dependent as trading partners.”


Read more: http://www.bloomberg.com/apps/news?pid=20601087&sid=a9igRzOC55wE

[Demeter]

1. Let Them

The two sets of rules under which China operates must come to an end. There aren't any Bushies around to do their dirty work any more.

[amandabeech]

3. It seems as though the Chinese think that they will always win in trade.

Witness recent Chinese reactions to the Chinese failure to purchase a substantial interest in Australian mining company Rio Tinto: it has threatened to dishonor futures contracts for commodities and it is pulling its physical gold reserves out of London and moving them to Hong Kong.

Now it loses at the WTO and throws a fit when the U.S. commences compensatory tariffs that are permissible under the WTO rules.

China is mercantalist and a bit commercially naive. I thought that it was a mistake to take them into the WTO because I didn't think that China would play by the rules. I believe that we will continue to have problems with them.

[Deja Q]

11. Neatly summed up.

+1

[amandabeech]

14. Thanks! n/t

[FreakinDJ]

12. Just like a small child with their hand caught in the cookie jar

Sure we have been violating copyrights, mass producing and marketing 1000s of knock-offs, imposing export quotas on our industries (which forces product dumping) and manipulating our currency to maintain an unfair trade imbalance.....


but.. but.. but... you ship too many McDonald's burgers over here

How in the Fuck did anyone with 1/2 a brain vote to admit these Fuck Wads into the WTO. Oh, thats right, the WTO is run by a bunch of capitalist mongers without regard to borders, Hell bent on making a profit at any cost to any particular civilized society.

And we need the WTO because....

[Grinchie]

8. I agree, Tyson and Pilgrims Pride prodice crap chicken.

Leave it to the chinese to strike back at the most vulnerable, unsustainable indistry the U.S. has left.

I'm sure the farmers will have a happy time unloading all of their GMO Corn that is barely suitable for chicken feed.

Maybe they can feed it to GM Cow's that are designed to eat BT Toxin too!

[HughMoran]

2. lol

kettle, meet pot.

Children.

[Ikonoklast]

4. China must import food, or her people will starve.

If there is one thing they have been trying to do worldwide, beside corner raw material sources, it is to secure farmland offshore to supply that need.

They are not self-sufficient, and every day, become less so.

They would be smart to not piss off those that sell them the very food that they eat.

Us.

[Grinchie]

6. That explains why we import 90% of our apple juisce from China

Time for your Fruit Box sonny.

[Ikonoklast]

9. They process it after buying the raw materials abroad.

China has a national policy of trying to corner the market on food processing, but they have to import nearly all raw foodstuffs to keep their operations running.

Do a little research, and see exactly what they are doing, and why they are doing it.

[Grinchie]

13. Well isn't that just wonderful

It still doesn't change the facts that we import 90% of the base of every fruit based drink from China.

Doesn't the thought of the thousands of miles of shipping turn your stomach in the slightest?


It's pretty clear that China isn't hurting for the juice.

[bettyellen]

5. they bluff.

[davidwparker]

7. To communist China: I don't care.

[Deja Q]

10. Yeah, we tried their KFC. Except it wasn't chicken. It was cat. That had melamine poisoning.

And forget the European central bank; other countries are actively engaging in protectionism or market manipulation and it's like nobody bats an eyelid for them, and look at their lengthy and fairly obvious record of poorly made or TOXIC products.

Yet when someone in the US, that has no bearing on any of this economic claptrap, talks "What if we should do protectionism too" is when all of these wankers start to whine, bleat, and mewl about the purported inequities of it all. I call "bullshit" on them. Yanked fresh from the cow, too.


"free market", indeed. Canadian drugs are too risky yet there were recalls for an anti-cancer drug and depakote -- both from China?? So much for the justification of the cost of US drugs... Like I said, yanked fresh from the cow.