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China files WTO Complaint on US Tire Tariffs

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posted on Sep, 14 2009 @ 02:14 PM
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China files WTO Complaint on US Tire Tariffs


finance.yahoo.com

BEIJING (AP) -- As Beijing launched a case Monday against new U.S. tariffs on Chinese tires, President Barack Obama defended the duties, saying trading agreements must be enforced in order for trading systems to work.

The conflict adds to a series of disputes over poultry, auto parts and other goods that have threatened to strain relations as Beijing and Washington cooperate on complex issues including the economic crisis and North Korea.

It comes as the two world powerhouses prepare for a global economic summit next week.

News of China's filing with the World Trade Organization sent
(visit the link for the full news article)



Related AboveTopSecret.com Discussion Threads:
Chinese infuriated over tire tariff




posted on Sep, 14 2009 @ 02:14 PM
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Let the games begin. China sends poisoned/tainted goods to US shores *constantly* and without remorse. The only thing that free trade does is hurt US workers.

Unfortunately, this is a double-edged sword. China holds massive amounts of US debt and I feel that they will use this as a bargaining chip (read: blackmail) against the US. That, and the Smoot-Hawley Tariff Act was probably a big contributor to the Great Depression.

Either way..the old Chinese curse applies. "May you live in interesting times."

finance.yahoo.com
(visit the link for the full news article)





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