China slaps anti-dump duties on US chicken
By Wang Yanlin |
February 6, 2010, Saturday
|
Print Edition
Print Edition
China said yesterday it will levy anti-dumping duties of up to 105.4 percent on chicken imports from the United States, adding to trade tensions with the world's biggest economy.
A preliminary investigation concluded US exports were being sold at improperly low prices, causing substantial damage to the domestic market, the Ministry of Commerce said.
China will start collecting cash deposits from US chicken exporters starting next Saturday on the Chinese New Year's Eve, the ministry said. It did not immediately say how much chicken product is imported from the US.
The US and China are engaged in a series of trade disputes, particularly over the value of the Chinese currency, with US President Barack Obama this week vowing to get tough in dealing with complaints that US exports are at a disadvantage.
"The world needs strong US-China economic engagement now, not a ratcheting up of trade tensions," Michael Barbalas, president of the American Chamber of Commerce in China, told Reuters.
Many US poultry producers count on the Chinese market to round out their profits.
"For over a decade, the US has sent big volumes of chicken to the Chinese market, hurting producers here," said Wang Xiulin, president of the Chinese Poultry Association. "Last year, the Chinese poultry industry was really hurting so we asked for this investigation."
The investigations were launched on September 27.
Tyson Foods got the lowest duty of 43.1 percent. Pilgrim's Pride Corp was hit with an 80.5 percent duty.
Most other firms, including Sanderson Farms, face a 64.5 percent duty, according to Reuters.
Those that did not appeal the finding will pay duties of 105.4 percent, the ministry said. The rates could be adjusted in the final ruling in several months.
Sino-US trade tensions have risen since September, when the US decided to impose punitive tariffs on Chinese tires. Conflicts quickly spread to other industries, including steel pipes, movies and raw materials.
This week, Yao Jian, spokesman for the Ministry of Commerce, accused the US of taking protectionist measures.
"Since the outbreak of the financial crisis, American trade protectionism has clearly emerged, and China has become the biggest victim of US abuse of trade-relief measures," Yao said on Monday.
Yao spoke in response to a US trade panel's decision to set preliminary anti-dumping duties on electric blankets and wire decking from China.
Sun Lijian, an economics professor at Fudan University, said, "It is not wise to allow the deepening of such trade disputes."
"The US should realize that the imposition of tariffs on Chinese goods won't help to protect its employment, but will threaten the progress of the world economic recovery."
China filed a complaint to the World Trade Organization last month on the US imposition of duties on Chinese tires.
A preliminary investigation concluded US exports were being sold at improperly low prices, causing substantial damage to the domestic market, the Ministry of Commerce said.
China will start collecting cash deposits from US chicken exporters starting next Saturday on the Chinese New Year's Eve, the ministry said. It did not immediately say how much chicken product is imported from the US.
The US and China are engaged in a series of trade disputes, particularly over the value of the Chinese currency, with US President Barack Obama this week vowing to get tough in dealing with complaints that US exports are at a disadvantage.
"The world needs strong US-China economic engagement now, not a ratcheting up of trade tensions," Michael Barbalas, president of the American Chamber of Commerce in China, told Reuters.
Many US poultry producers count on the Chinese market to round out their profits.
"For over a decade, the US has sent big volumes of chicken to the Chinese market, hurting producers here," said Wang Xiulin, president of the Chinese Poultry Association. "Last year, the Chinese poultry industry was really hurting so we asked for this investigation."
The investigations were launched on September 27.
Tyson Foods got the lowest duty of 43.1 percent. Pilgrim's Pride Corp was hit with an 80.5 percent duty.
Most other firms, including Sanderson Farms, face a 64.5 percent duty, according to Reuters.
Those that did not appeal the finding will pay duties of 105.4 percent, the ministry said. The rates could be adjusted in the final ruling in several months.
Sino-US trade tensions have risen since September, when the US decided to impose punitive tariffs on Chinese tires. Conflicts quickly spread to other industries, including steel pipes, movies and raw materials.
This week, Yao Jian, spokesman for the Ministry of Commerce, accused the US of taking protectionist measures.
"Since the outbreak of the financial crisis, American trade protectionism has clearly emerged, and China has become the biggest victim of US abuse of trade-relief measures," Yao said on Monday.
Yao spoke in response to a US trade panel's decision to set preliminary anti-dumping duties on electric blankets and wire decking from China.
Sun Lijian, an economics professor at Fudan University, said, "It is not wise to allow the deepening of such trade disputes."
"The US should realize that the imposition of tariffs on Chinese goods won't help to protect its employment, but will threaten the progress of the world economic recovery."
China filed a complaint to the World Trade Organization last month on the US imposition of duties on Chinese tires.
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