No end in sight for Sino-US trade rows
By Wang Yanlin |
January 7, 2010, Thursday
|
Print Edition
Print Edition
SINO-UNITED States trade disputes are increasing at a rapid pace following the decision by the US to impose anti-dumping tariffs on imports of China-made steel wire decking yesterday.
The US Department of Commerce said the duties, ranging from 42.61 percent to 289 percent, will be imposed on the product, designed mainly for industrial and other commercial storage rack systems.
The US announced in November that it would levy a temporary countervailing duty of up to 438 percent on China-made steel wire decking after it alleged the Chinese government of subsidizing the exports. China exported US$317 million worth of steel wire decking to the US in 2008.
"It is a bit unexpected to see the (investigation) cases appear at such a fast pace," said Sun Lijian, an economics professor at Fudan University. He said China should be prepared for a prolonged trade dispute battle and advised companies to diversify their export markets to other countries.
The steel wire decking dispute came on the heels of the US announcement of its largest trade action taken against China last Wednesday. On that day, the US slapped punitive penalties on imports of oil tubular goods imported from China, which were valued at US$2.7 billion.
Since September 2008, the US has imposed tariffs on a variety of Chinese-made products, including tires, steel pipes and steel gratings, and criticized China's practice of controlling exports of raw materials.
China's Ministry of Commerce blasted the US decisions in the earlier cases which it claimed were purely protectionism that would harm the global economic recovery.
The US Department of Commerce said the duties, ranging from 42.61 percent to 289 percent, will be imposed on the product, designed mainly for industrial and other commercial storage rack systems.
The US announced in November that it would levy a temporary countervailing duty of up to 438 percent on China-made steel wire decking after it alleged the Chinese government of subsidizing the exports. China exported US$317 million worth of steel wire decking to the US in 2008.
"It is a bit unexpected to see the (investigation) cases appear at such a fast pace," said Sun Lijian, an economics professor at Fudan University. He said China should be prepared for a prolonged trade dispute battle and advised companies to diversify their export markets to other countries.
The steel wire decking dispute came on the heels of the US announcement of its largest trade action taken against China last Wednesday. On that day, the US slapped punitive penalties on imports of oil tubular goods imported from China, which were valued at US$2.7 billion.
Since September 2008, the US has imposed tariffs on a variety of Chinese-made products, including tires, steel pipes and steel gratings, and criticized China's practice of controlling exports of raw materials.
China's Ministry of Commerce blasted the US decisions in the earlier cases which it claimed were purely protectionism that would harm the global economic recovery.
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