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March 13, 2010

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Home » Business » Economy

US action worsens trade row

TRADE disputes between the United States and China continued to worsen as the US announced yesterday that it would impose an anti-dumping tariff of up to 95.4 percent on imports of China-made potassium phosphate salts.

A preliminary ruling by the US Department of Commerce decided to levy a tariff ranging from 69.58 percent to 95.4 percent on the Chinese product which is widely used in industrial cleaning products, fertilizers and food additives.

The announcement came a few days after the US decided to impose a countervailing duty on the product and on Chinese coated paper last week.

US imports of Chinese potassium phosphate salts soared 228 percent by volume from 2006 to US$16.4 million in 2008, according to data provided by the department.

Yao Jian, a spokesman for China's Ministry of Commerce, denounced the US decisions in a previous interview.

He said the US was abusing its own trade relief measures and discriminating against Chinese products. He urged the US to rule objectively and fairly in trade disputes and demanded better communications between them to resolve the rows.

The US will make a final ruling on the anti-dumping duty on Chinese potassium phosphate salts in May.

Trade between China and the US increased 25.1 percent from a year earlier in the first two months of this year, trailing many other countries such as Brazil, Malaysia and Thailand. The growth was much lower than China's overall trade expansion of 44.8 percent during the period.

Through February, China's exports to the US gained 20.9 percent on an annual basis while imports jumped 36.8 percent, reflecting Chinese efforts to reduce the massive trade surplus with the US.




 

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