US imposes 20% tariff, China says it may retaliate
U.S. Commerce Secretary Carlos M. Gutierrez
announces the application of the
law to imports from
The first Sino-US strategic economic dialogue, in
which the U.S. officially put up the sensitive
question of an anti-subsidy law, was held at
Great Hall of the People on Dec. 14, 2006.
Background Information:
The U.S. Department of Commerce announced the preliminary results of its investigation on the implementation of an anti-subsidy regulation on imports of Chinese construction paper on March 30th of 2007. After the investigation, Congress finally decided to apply the anti-subsidy regulation to China and has begun to impose a temporary anti-subsidy tariff on Chinese exported construction paper to America. The Chinese government has expressed strong disapproval of the decision and the incident could lead to an elevation in the already tense trade relationship between China and the U.S.
The causes behind this recent development: On October 31st of 2006, the paper manufacturer NewPage from Ohio lodged a complaint with the U.S. Department of Commerce, in which it declared that the Chinese government supported many Chinese paper manufacturers with subsidy policies including preferential duties, debt leniency and soft loans. NewPage demanded that the U.S. Congress charge these companies an anti-subsidy tariff. Also, NewPage accused these companies of operating product dumping procedures.
The response from America: In response to the accusations of NewPage, the U.S. Department of Commerce commenced an investigation on the subsidy policies of the Chinese government. It published the preliminary results of the investigation on March 30th of 2007. Finally, Congress decided to apply an Anti-subsidy Law to China and began to impose a temporary anti-subsidy tariff on Chinese-exported construction paper.
The response from China: In response to the U.S. investigation on China's governmental subsidy policies, the Chinese government reacted swiftly and entrusted a lawyer team from Vinson & Elkins, which is a prestigious firm in the field of international commerce, as its representatives in the issue. In the early morning of March 31st, in reaction to the U.S. discussion to impose an anti-subsidy tariff, the Chinese government expressed strong disapproval.
Jongo invites Swedish explorer Johan Ernst Nilson to explore China!
Chongqing 'nailhouse' is finally demolished
Chongqing 'nail household' accepts government's relocation offer under the mediation of court.
"Women's economy" is hot: businesses cash in on Women's Day on March 8th.
National People's Congress National Committee of CPPCC Annual Sessions 2007
- American entrepreneur speaks out in defense of Chinese paper industry [ Trade ]
Apr 17, 2007 18:47 Beijing Time
The U.S. government enraged China last month when it levied countervailing duties on exported coated paper. Unexpectedly, now the owner of one American printing company sends a clear message to the Bush administration: these sanctions on China have the potential to destroy the consumers of the paper—the American printing industry. - US duties on paper could open the floodgates [ General ] Apr 13, 2007 08:43 Beijing Time
The US Department of Commerce said it would levy a countervailing duty on made-in-China coated paper just before April 1. "Within six months we would guess that a dozen or so new preliminary countervailing findings will be in place against China-based firms," said Stephen Green, senior economist with Standard Chartered. - China Says 'Unfair' To U.S. Tariffs On Paper Imports [ Trade ]
Apr 6, 2007 02:31 Beijing Time
China urged the U.S. to scrap new tariffs on Chinese paper, criticizing the measure as a violation of free trade. The Bush administration, facing increasing anger over soaring trade deficits, will impose the tariffs from the next week on a preliminary basis and will become final after a further review by the department is completed in June.
- Private Equity vs. China [ Capital ] Apr 6, 2007 02:23 Beijing Time
By acting against unfair China trade, M. Gutierrez said, the U.S. was standing up for "American manufacturers, workers, and farmers." But Gutierrez left out one important group of beneficiaries: private equity investors.
- Rough Road Ahead for U.S.-China Trade [ China and the World ] Apr 5, 2007 02:09 Beijing Time
- U.S. trade report critical of China's subsidies, fiscal policy [ Trade ] Apr 5, 2007 14:30 Beijing Time
- Chinese paper makers to challenge U.S. protectionism [ Trade ] Apr 3, 2007 22:02 Beijing Time
- China Calls New U.S. Tariffs 'Unacceptable' [ Trade ] Apr 3, 2007 02:00 Beijing Time
- China protests at US tariffs on paper imports [ Trade ] Apr 02, 2007 03:01 Beijing Time
- Commerce Applies Anti-Subsidy Law to China [ China and the World ] Apr 02, 2007 02:57 Beijing Time
- China paper war [ Trade ] Apr 2, 2007 00:37 Beijing Time
- China protests U.S. duties on paper [ China and the World ] Apr 1, 2007 23:42 Beijing Time
- China demands US scrap anti-subsidy duties [ Trade ] Apr 01, 2007 10:15 Beijing Time
- China strongly dissatisfied on U.S. trade sanction [ Trade ] Mar 31, 2007 21:52 Beijing Time
Related News
- Swiss want a free trade deal with China [ China and the World ] Apr 9, 2007 05:18 Beijing Time
- Additional products move onto banned list in China [ Trade ] Apr 7, 2007 08:58 Beijing Time
- Expect China's exports to continue to expand [ Trade ] Apr 6, 2007 20:45 Beijing Time
- Big trade surplus not good for China -cbank [ Trade ] Apr 5, 2007 09:30 Beijing Time
- EU targets Chinese enterprises with frequent anti-dumping probes [ Trade ] Apr 5, 2007 00:09 Beijing Time
- U.S. slams China, EU, others for unfair trade barriers [ Trade ] Apr 04, 2007 02:22 Beijing Time
- Dollar tumbles as US imposes new tariffs on China imports [ Currency ] Apr 02, 2007 03:43 Beijing Time