November 13, 2009 |
On the eve of his first Pacific trip since entering the White House, President Obama signaled Thursday that he would press Asian leaders to open up their markets and boost purchases of U.S. goods instead of relentlessly focusing on exporting more and more to American consumers. In remarks made before leaving Washington on the seven-day, four-nation trip, the president suggested that Asia must do more to "rebalance" the global economy by accepting more U.S. imports, increasing its own domestic consumption and relying less on Americans as buyers of last resort.
September 15, 2009 |
BEIJING -- Beijing filed a World Trade Organization complaint today over new U.S. tariffs on Chinese tires, stepping up pressure on Washington in the latest in a series of trade disputes. The conflict is a potential irritant as Washington and Beijing prepare for a summit of the Group of 20 leading economies in Pittsburgh on Sept. 24-25 to discuss efforts to end the worst global downturn since the 1930s. The Chinese complaint to the WTO in Geneva triggers a 60-day WTO process in which the two sides are to try to resolve the dispute through negotiations.
September 13, 2009 |
A White House official Saturday defended President Obama's decision to levy steep tariffs on tires from China, denying that it was an act of trade protectionism, as Chinese officials charged, or was intended to make a statement about the administration's broader strategy on trade policy. "This is certainly not an action directed against globalization," said the official, who requested anonymity when discussing White House thinking, a day after Obama moved to add a 35% duty on automobile and light-truck tires.
September 12, 2009 |
In a decision that could roil trade tensions with Beijing, President Obama agreed Friday to impose hefty tariffs on tires imported from China. The decision came after the U.S. International Trade Commission, a federal agency, determined that a surge of Chinese-made tires had disrupted the domestic market and cost thousands of jobs in the U.S. Within 15 days, the U.S. would add a duty of 35% in the first year, 30% in the second and 25% in...
February 7, 2008 |
The Commerce Department on Wednesday set preliminary anti-dumping duties of as much as 210% on millions of off-road tires from China that it said were being sold in the United States at unfairly low prices. The tires were the sixth Chinese product to be hit with U.S. anti-dumping duties since the start of the year. The others include nails, certain steel pipe, a teeth-whitening ingredient and laminated woven sacks used to package items such as dog food and bird seed.
August 1, 2007 |
The Commerce Department said it would investigate charges that Chinese off-road tire producers were selling their products in the U.S. market at below fair market prices. The department said it would also investigate whether government subsidies allowed Chinese producers to sell the off-road tires at an unfair discount.