November 06, 2009

TRADE WAR: Beijing Considers Duties on US Autos

The Obama administration seems keen to reward the US Steelworkers union for the millions in contributions during the 2008 election cycle with countervailing duties on Chinese steel product imports. Nearly every week there is a new product slapped with extra duties. Beijing's tit-for-tat response today is an investigation into whether US auto exports are subsidized given that the Federal Government owns a large portion of the US auto industry. The flurry of trade disputes overshadows recent gains in understanding between the two trade giants and comes less than two weeks before Obama will arrive in China....

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