国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

US move to file trade cases against China 'not wise'

(chinadaily.com.cn/agencies)
Updated: 2007-04-10 10:22

The US claimed that its trade deficit setting a record for the fifth consecutive year in 2006 at $765.3 billion (euro572.27 billion). The imbalance with China grew to $232.5 billion (euro173.86 billion) the highest ever with a single country.

Democrats, who won control of both the House and Senate last fall with campaigns that attacked President George W. Bush's trade policies, said Monday that tougher action was still needed.

Democratic Sen. Sherrod Brown, called the timing of the new cases "certainly suspicious" given that they come when the administration is asking Congress to renew Bush's fast-track authority, which allows him to negotiate trade deals for expedited consideration by Congress.

Gary Hufbauer, a trade expert at the Peterson Institute, a Washington think tank, said that the new get-tough approach is an effort by the administration to regain control of the trade debate now that Democrats are in control of Congress.

The decision to go to the WTO with the two new trade cases will trigger a 60-day consultation period during which trade negotiators from both countries will try to resolve the two disputes.

If that fails, WTO hearing panels would be convened. If the US wins the cases, it would be allowed to impose penalty economic sanctions on Chinese products.

In a statement, the Motion Picture Association of America and the Recording Industry Association of America both applauded the administration's action.

In late March, the US government announced its decision to impose penalty tariffs against the imports of Chinese coated free sheet paper, a decision altering a 23-year old bipartisan policy of not applying the countervailing duty (CVD) law to China.

The Chinese government responded strongly in a statement of the Department of Commerce, saying such an decision "goes against the consensus reached between leaders of the two countries to resolve contradictions through dialogues."

"China strongly requires the US side to reconsider the decision and make prompt changes," the statement said.


 12


Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
石台县| 卢氏县| 荔波县| 海城市| 龙江县| 乌兰察布市| 易门县| 桑日县| 三台县| 泰和县| 耿马| 深水埗区| 晋州市| 玛多县| 海南省| 句容市| 定日县| 宁津县| 三都| 壤塘县| 洛宁县| 廊坊市| 隆子县| 平原县| 抚宁县| 竹山县| 元氏县| 巫山县| 阿尔山市| 长宁县| 伊春市| 思南县| 陈巴尔虎旗| 莎车县| 瑞安市| 天等县| 体育| 尉氏县| 冀州市| 定南县| 独山县|