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Chinese Reaction : Anti-Dumping probe into U.S. Products
Calling President Obama's anti-dumping measure of imposing trade restriction and tariffs on Chinese made tyres as "protectionist", Chinese Ministry of Commerce today ordered anti-dumping investigation on import of U.S. produced chicken and automobile products. This reaction of the Chinese Government is considered as the first "dragon fire test" for Obama administration.
China today launched anti-dumping and anti-subsidies investigations into automobile and chicken products imported from the US apparently in "retaliation" of President Barack Obama imposing a whopping 35 per cent additional import duty on Chinese tyres.
Earlie rChen Deming, China's minister of commerce expressed anger over Obama's decision saying that such negative measures will hurt it's relationship with the U.S. and it is a "wrong signal" to the world.
Chen Deming, China's minister of commerce, said the penalties would hurt relations with the U.S. A ministry statement said Obama had "compromised to the political pressure of the U.S. domestic trade protectionism."
"The Chinese government will continue to uphold the legitimate interests of China's domestic industry and has the right to take corresponding measures," Deming said.
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Most RecentMost Recommended Comments (4)
at 09:10 on September 13th, 2009
I think China has more then a valid point here and it is not alone either.
The US may very well drive it self into a corner out of wish there is no escape.
at 12:42 on September 13th, 2009
Quite frankly, I'm absolutely disgusted that American politicians, beginning with Richard Nixon, got us to the point where we're now beholden to the Chinese government and we have to walk on egg shells in order not to offend its sensibilities. Moreover, I'm sickened over the fact that the U.S. government kowtows to a regime that has proven itself time and time again to be nothing but a bunch of thugs and brutal dictators. And I have nothing but utter contempt for American corporations, such as Walmart, that perpetuate slave labor on the part of Chinese citizens in order to flood the Anerican consumer market with cheap goods (and in many cases unsafe goods) manufactured in China.
at 13:04 on September 13th, 2009
And one more thing: God bless President Obama for pissing off the Chinese government! If he keeps it up, he'll have my vote in 2012 notwithstanding my disagreements with his other policies. Go to bed with dog wake up with fleas! No! No! No!
at 15:17 on September 13th, 2009
This import tax is the first of many I expect, its the only way that USA can bring a manufacturing base back to its shores. I expect import taxes on certain products will be also imposed by EU on the Chinese. This is something I mention a year ago that the only solution to solve the unemployment problem is to create a new manufacturing base at home and tax certain Chinese goods.