Tuesday, October 20, 2009

More Shots in the Trade War

I have been following the rising tension between the United States and China on international trade. Here is the latest:

China Set to Impose New Tariffs on Nylon

China's Ministry of Commerce has made a preliminary ruling to impose tariffs of as much as 36% on certain nylon imports from the U.S., saying the imports have damaged the domestic industry....The move is the latest in a series of Sino-U.S. trade disputes after the Obama administration said in September that it would impose duties of between 25% and 35% on imports of tires from China for the next three years. China followed that decision with probes of potential antidumping measures on U.S. auto parts and chicken.