January 27, 2010

TRADE WAR: USA Targets Chinese Drill Pipe & Electric Blankets

The United Steelworkers union's latest demand to the Obama administration calls for anti-dumping duties up to 496% on drill pipes and collars imported from China used for oil drilling. The Commerce Department dutifully launched a probe and will make a determination next month. Today Commerce decreed that woven electric blankets from China must incur anti-dumping duties ranging from 90% to almost 175%. The complaint in this instance came from New York based consumer conglomerate Jarden Corp. The spate of anti-dumping and countervailing duties on Chinese goods is picking up. It appears the Obama administration is using selective protectionism against Chinese goods in frustration over the inability to work with Beijing on currency and other issues such as 'human rights' important to Obama donors and stakeholders....

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