BUSINESS
September 13, 2009 | Don Lee
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.
NATIONAL
August 22, 2009 | Jim Tankersley
A group of Midwestern Democrats is pushing for tariffs on products from countries that don't limit greenhouse gas emissions, a controversial step that the legislators say is needed to help American manufacturers survive expected emissions restrictions here. The Democrats say the measure would level the playing field for U.S. factories, which will probably face increased energy costs due to global warming legislation backed by the Obama administration. The legislation narrowly passed in the House in June and is pending in the Senate.
BUSINESS
July 19, 2008 | From the Associated Press
The World Trade Organization made public its first official condemnation of Chinese commercial practices Friday, releasing a February ruling that sided with the United States, the European Union and Canada in a dispute over car parts. The verdict found that China was breaking trade rules by taxing imports of auto parts at the same rate as foreign-made finished cars. The three-member WTO panel ruled against China on nearly every point of contention with the U.S., the 27-nation EU and Canada.
WORLD
July 19, 2008 | Patrick J. McDonnell, Times Staff Writer
The government rescinded Friday a controversial tax increase on grain exports that had sparked months of protests and bared deep divisions in one of the world's major food-producing nations. President Cristina Fernandez de Kirchner pulled back the tax without comment a day after a stunning rejection by the Senate made possible by a crucial "no" vote by her own vice president.
BUSINESS
May 29, 2008 | From Times Staff and Wire Reports
The U.S. filed a complaint with the World Trade Organization over European tariffs on three categories of high-tech goods, including flat-panel computer monitors and some printers. The duties, which are as high as 14%, make U.S. exports less competitive in the European Union, according to the Information Technology Industry Council, a trade association whose members include Hewlett-Packard Co., Apple Inc. and Cisco Systems Inc.
BUSINESS
June 5, 2007 | From Times Staff and Wire Reports
The World Trade Organization agreed to probe a European Union complaint that the method the U.S. uses to calculate import duties illegally inflates tariffs imposed on EU goods such as steel, chemicals and pasta. The calculation, called zeroing, enables the U.S. to maximize customs duties by selectively excluding some market price data. The U.S. used the methodology to work out whether imports from the EU were sold below cost, or dumped, on the domestic market.