calfoxwc Posted September 14, 2009 Report Share Posted September 14, 2009 China Probes ‘Unfair Trade’ in U.S. Chicken and Auto Products By Bloomberg News Sept. 14 (Bloomberg) -- China announced dumping and subsidy probes of chicken and auto products from the U.S., two days after President Barack Obama imposed tariffs on tires from the Asian nation. Chinese industries complain that they’re being hurt by “unfair trade practices,” the nation’s Ministry of Commerce said on its Web site yesterday. The dumping investigation relates to poultry alone, a spokesman said in Beijing today. The ministry didn’t specify the value of imports of the products. Rising protectionism may hamper world trade and undermine the global economy’s recovery from recession, the European Central Bank said last week. 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.” Dumping is selling goods for less than the cost of producing them. The state-run China Daily newspaper said in a front-page article today that the probe was “not revenge” for the decision on tires. The commerce ministry spokesman, who wouldn’t be identified by name, said the government was assessing whether the subsidy and dumping complaints had merit. ‘Strategic Relationship’ Rubber futures in Shanghai tumbled by the daily trading limit today because of the tire tariffs. The January-delivery contract dropped 5 percent from the previous settlement to 17,710 yuan a metric ton. Wang Qing, chief Asia economist for Morgan Stanley in Hong Kong, said today that he doubted that the tire tariffs would trigger a trade war. The “macroeconomic impact is not enough to warrant an escalation of such a trade dispute to such levels that would threaten the strategic relationship between the two countries,” Wang said. The Chinese commerce ministry said Sept. 12 that it strongly opposes the U.S. decision on tires and may refer the case to the World Trade Organization. A “sluggish” global recovery and rising unemployment may tempt governments to restrict trade, triggering a retaliatory spiral of measures, the Frankfurt-based ECB said in its monthly bulletin. Trade protectionism could “significantly impair the global recovery,” it said. Opposing Protectionism Yesterday’s three-paragraph statement from the Chinese commerce ministry didn’t refer to the tire dispute. “China has always steadfastly opposed trade protectionism,” the ministry said, adding that the nation was “willing to continue acting in concert with other nations to promote a global economic recovery as soon as possible.” The dumping and subsidy probes involve “some” auto and chicken imports from the U.S., it said, without specifying which ones. In June, China said it had asked the World Trade Organization to set up an experts panel to investigate U.S. restrictions on imports of Chinese poultry products. “Chinese poultry companies have been struggling over the past couple of years amid bird flu and a flood of imports, and the financial crisis is making that worse,” Ma Chuang, vice- secretary general of the China Animal Agriculture Association, said in Beijing today. “This case is long overdue.” Ma said about 80 percent of imported chicken came from the U.S. Fear of Retaliation In the U.S., pork, soybean and other farm-goods exporters urged Obama on Sept. 3 to refrain from imposing tariffs or quotas on tires from China because of the fear of retaliation against U.S. food and agriculture products. The U.S. consulted with Chinese officials before imposing tariffs to try to work out a solution, a U.S. trade official said, speaking on condition of anonymity. The U.S. hasn’t been notified of the new dumping cases, the official said. If China is considering the cases in retaliation for the U.S. tires decision, the U.S. could challenge that action at the WTO, the official said. The U.S. prefers holding talks to address the underlying causes of the problem in China, such as subsidies, the official said. To contact the Bloomberg News staff for this story: Zhang Dingmin in Beijing at Dzhang14@bloomberg.net Last Updated: September 13, 2009 22:19 EDT Link to comment Share on other sites More sharing options...
BrownIndian Posted September 17, 2009 Report Share Posted September 17, 2009 we cant win this. Link to comment Share on other sites More sharing options...
Kosar_For_President Posted September 17, 2009 Report Share Posted September 17, 2009 Wait a minute, I thought Obama was a commie? Shouldn't he be sympathizing with them? Link to comment Share on other sites More sharing options...
calfoxwc Posted September 17, 2009 Author Report Share Posted September 17, 2009 Like a good marxist, Obama pandered to the Steel workers and auto workers unions. And, since farmers don't have a union, he ignored them. Not that China doesn't dump their products on us, they just have very, very, very low production costs. But we outlawed slavery a long time ago...@@ Link to comment Share on other sites More sharing options...
Kosar_For_President Posted September 17, 2009 Report Share Posted September 17, 2009 Like a good marxist, Obama pandered to the Steel workers and auto workers unions. And, since farmers don't have a union, he ignored them. Not that China doesn't dump their products on us, they just have very, very, very low production costs. But we outlawed slavery a long time ago...@@ Cal don't give me that Marx shit. EVERY president has bent over for some union or another in the past. Come on. That says something about where China will be in 150 years, were the US is today. Good thing I won't be here. Link to comment Share on other sites More sharing options...
calfoxwc Posted September 17, 2009 Author Report Share Posted September 17, 2009 But in it's entirety, that is, the evidence mounting that Obama really is a marxist radical, a government domination of...everything, referring to cap n trade and the proposed diabolical health care bill in Congress, the marxist tag is profoundly more legit to be leveled at Obama that any other pres in our history. Link to comment Share on other sites More sharing options...
Kosar_For_President Posted September 18, 2009 Report Share Posted September 18, 2009 But in it's entirety, that is, the evidence mounting that Obama really is a marxist radical, a government domination of...everything, referring to cap n trade and the proposed diabolical health care bill in Congress, the marxist tag is profoundly more legit to be leveled at Obama that any other pres in our history. Give it up. Far from it. Your old AND paranoid. They don't mix well. Your buying into the same gay tactics the "media" used when you were a kid. Round up the Rushkie's there's a war going on. I feel sorry for you. Link to comment Share on other sites More sharing options...
calfoxwc Posted September 18, 2009 Author Report Share Posted September 18, 2009 Is there ANY kind of intelligent response you can muster? EVER? Feel free to disagree, but try to express why. Link to comment Share on other sites More sharing options...
Kosar_For_President Posted September 18, 2009 Report Share Posted September 18, 2009 Is there ANY kind of intelligent response you can muster? EVER? Feel free to disagree, but try to express why. Your buying into the same gay tactics the "media" used when you were a kid. Round up the Rushkie's there's a war going on. I feel sorry for you. Sorry it's not a cut and paste from Fox news, you should be smart enough to decipher what I am saying...maybe? Link to comment Share on other sites More sharing options...
calfoxwc Posted September 18, 2009 Author Report Share Posted September 18, 2009 You weren't around when I was a kid. I thought Obama was going to his super magic twanger and make the world love us, in contrast to Bush. Do tell how that's working for ya. Meanwhile, Russia invaded Georgia, and before there was a you? the Soviet Union invaded the Czechs. I remember that. And, Poland and the Ukraine are seeing a re-emergent Russia that took over Georgia to secure their own pipeline away from Georgia's, which would have been major competition. Why else do you think Russia is so ADAMANT about the US not helping Poland protect itself? Go do some research. the Ukraine used to be the Soviet's breadbasket. Watch the next few years, now that Russia knows we have a leftist pres that will not stand up for Americans, much less Polish or the Ukraine. China is working on matching US power in the pacific, and that China is complaining of "unfair trade" is so asinine, it's incredible. The next few years, hang around, and tell me what you see then. Our president is no leader, he's a leftist figure head, and empty suit that reads teleprompters. Link to comment Share on other sites More sharing options...
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