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BUSINESS
March 19, 2004 | Evelyn Iritani, Times Staff Writer
Under pressure to more aggressively address a growing trade imbalance and protect U.S. chip makers, the Bush administration Thursday filed the first World Trade Organization complaint against China. The complaint alleges that China's tax policies violate global trade rules by penalizing foreign semiconductor producers. China is "discriminating against key U.S. technology products," U.S. Trade Representative Robert B. Zoellick said. "It's wrong and it's time to pursue a remedy through the WTO."
BUSINESS
March 21, 2004 | From Times Staff
Oil Prices Surge, Posing Threat to the Economy The price of crude oil hit its highest level in 13 years, raising the risk to an economy struggling to create jobs. The price for the benchmark grade of U.S. crude jumped 70 cents to $38.18 a barrel in New York trading Wednesday. It hadn't closed at that level since Oct. 16, 1990. On Friday, the price was $38.08. The chief catalyst for the latest run-up was an Energy Department report showing that U.S.
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