World

US hits China pipes with tariffs - Babel told you so

by Babel-Fish | November 6, 2009 at 05:54 pm

122 views | 8 Recommendations | 1 comment

Those whom remember my views and opinions concerning the need for USA to tax certain chineses good to attract home manufacture. Yes the think tank has most definatly took the path that I thought they would.

You need jobs in the USA and need a new manufactural base and stop the one way flow of cash to China.

The US Commerce Department has imposed anti-dumping tariffs of up to 99% on imports of Chinese tubular goods.

The department alleged China had been selling its oil well pipes at prices that were much lower than normal.

The announcement is the latest in a series of trade disputes between the US and China, which called the move an "abuse of protectionist measures".

The move comes 10 days before President Barack Obama is due to make his first visit to China since taking office.

He will be in China from 15-18 November.

In September, the United States announced it would impose duties on Chinese-made tyres to protect local US industry, sparking the first major trade dispute of Obama's presidency.