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.
Most Recommended Comment
New Port Richey, Florida, United States