China             | Trade Dispute May Mean Tariffs On China’s U...

China            

Trade Dispute May Mean Tariffs On China’s U.S. Imports

Thanks to a dispute over textiles and steel, China is threatening to impose higher tariffs on U.S. imports, though the Chinese government hasn’t said which imports it would target. The World Trade Organization (WTO) ruled that U.S. tariffs on steel imports from China, Japan, the European Union (EU) and several other countries are illegal, and China is also considering appealing to the WTO about recent   U.S. tariff impositions on Chinese textile imports.

The threat of retaliation from China is seen by observers as part of a potentially dangerous escalation in trade discord with the U.S., although it doesn’t so far affect imports of U.S. meat.

China’s exports to the U.S. totaled $307.7 billion in the first nine months of 2003, 32.3 percent higher than last year.

China            

Trade Dispute May Mean Tariffs On China’s U.S. Imports

Thanks to a dispute over textiles and steel, China is threatening to impose higher tariffs on U.S. imports, though the Chinese government hasn’t said which imports it would target. The World Trade Organization (WTO) ruled that U.S. tariffs on steel imports from China, Japan, the European Union (EU) and several other countries are illegal, and China is also considering appealing to the WTO about recent   U.S. tariff impositions on Chinese textile imports.

The threat of retaliation from China is seen by observers as part of a potentially dangerous escalation in trade discord with the U.S., although it doesn’t so far affect imports of U.S. meat.

China’s exports to the U.S. totaled $307.7 billion in the first nine months of 2003, 32.3 percent higher than last year.