the visible hand

it is the theory which decides what can be observed – einstein

U.S. Sets New China Duties

Posted by ecoshift on May 16, 2007

U.S. Sets New China Duties – WSJ.com
Move Opens Door For a Wide Array Of Trade Complaints
By GREG HITT
March 31, 2007; Page A3

WASHINGTON — The Bush administration imposed new economic sanctions against China, a vivid reflection of the increasingly tough climate in the U.S. toward free trade — particularly with Beijing.

The new duties apply narrowly to complaints that Chinese producers of glossy, high-quality paper used in books and magazines are unfairly subsidized by their government — just $224 million of annual imports, or less than 1% of the total goods and services Americans buy each year from China.

But the action is likely to have much wider ramifications. It opens the door to a potential rush of similar complaints by American manufacturers, from steel to plastics producers, that face stiff competition from the Chinese. And it signals, more broadly, an increasingly harder line on trade emerging both at the White House and in Congress.

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