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Protectionism no good to anyone

Source: Xinhuanet.com

Beijing : China | 2 months ago

0 0

President Barack Obama decided to impose a tariff on tires imported from China on Friday, his beggar-thy-neighbor policy caused quite a stir at the ongoing 2009 Summer Davos. The new tariffs, which will begin with a 35-percent duty the first year and decrease to 30 percent the...

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News Stories

U.S. to Impose Tariff on Tires From China

News Source: Washington Post | 2 months ago

In one of his first major decisions on trade policy, President Obama opted Friday to impose a tariff on tires from China, a move that fulfills his campaign promise to "crack down" on imports that unfairly undermine American workers but risks angering...
China May Appeal Tire Tariff to WTO

News Source: Washington Post | 2 months ago

China "strongly opposes" President Obama's decision to impose tariffs on tire imports from China and may refer the case to the World Trade Organization, the Asian country's Ministry of Commerce said. The United States had violated rules of the WTO...
China Denounces New Tire Tariffs

News Source: International Herald Tribune | 2 months ago

Within hours of President Obama ’s decision to penalize imports of automobile tires from China , Chinese officials accused the United States of violating international trade laws and succumbing to political pressure for protectionism . “China is...
U.S. levies 35% additional duty on Chinese tyres

News Source: The Hindu | 2 months ago

President Barack Obama has imposed a whopping 35 per cent additional import duty on Chinese tyres in a bid to protect the domestic market, drawing the ire of Beijing which described the measure as “protectionist” and violation of WTO rules. The...
U.S. duties on China tires to enforce rules: W.House

News Source: Reuters | 2 months ago

The U.S. decision to slap steep additional duties on tire imports from China is meant to enforce trade rules and not spark a trade war, the White House said on Saturday. "This is simply about enforcing the rules of the road and creating a trade...
Premier lauds World Economic Forum amid financ ...

News Source: dailymail | 2 months ago

Chinese Premier Wen Jiabao said on previous day that the World Economic Forum (WEF) is helpful in gathering confidence for fighting global economic downturn. Wen made the remarks while meeting with WEF chairman Klaus Schwab on the sidelines of the...

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