| Sino-US trade friction in the current series of cases, | | | | In this series of cases of trade friction, |
| involving about 30 billion oil pipe case is the case with | | | | China's steel products have become the main |
| the greatest value. However, from the U.S. | | | | target of sanctions. According to Chinese customs |
| Department of Commerce ruled on November 24 in | | | | statistics, in 2008 the product concerned, the amount |
| view of the Chinese oil well pipes encountered | | | | of 3.2 billion U.S. dollars, accounting for the same |
| "dual" (Anti-dumping | | | | period China's total steel exports to the United |
| Marketing and countervailing) seems a foregone | | | | States (69 million) 46%. Involved more than 90 steel |
| conclusion punitive sanctions, the U.S. International | | | | companies, including Tianjin Steel, Bao Steel, Anshan |
| Trade Commission's final decision will be made | | | | Iron and Steel and other major state-owned large |
| next year on January 7. All signs appear, Sino-US | | | | iron and steel enterprises. |
| trade protectionism, the U.S. trade friction caused by | | | | This series of cases involved and |
| the trend of the future still continues to spread. | | | | amounts of time close to rare in recent years, |
| OCTG "dual" or as decision | | | | highlighting the financial crisis, the United States under |
| 24 U.S. Department of Commerce | | | | the trend of trade protectionism. |
| Countervailing part of the final award is about. In this | | | | In addition to these |
| final determination, the U.S. Commerce Department | | | | "dominant" trade litigation disputes, there |
| declared the existence of Chinese government | | | | are also many "hidden" and damage |
| subsidies oil well pipe, affected by the 2008 oil | | | | "China" case. For example, in the New |
| exports to the U.S. control over China's growth | | | | York World Trade Center building, as some Chinese |
| in 2006 was 357.67 percent, reaching 2.8 billion. Final | | | | companies winning the contract proof glass, resulting |
| Decision in accordance with U.S. Department of | | | | in a number of people dissatisfied with the United |
| Commerce, Tianjin Steel Group products are | | | | States and stirring up trouble. American Manufacturing |
| subjected to 10.36% of the countervailing punitive | | | | Union recently sent a letter to U.S. trade officials, |
| tariffs, another lesson in Zhejiang enterprise products | | | | seeking to address what they view as "unfair |
| were 15.78% punitive tariffs on most other | | | | trade" acts. Letter said: "We the |
| enterprise products to be subject to 13.2% punitive | | | | domestic glass industry the most efficient in the |
| tariffs. | | | | world, but not with the heavily subsidized by the |
| According to Chinese government | | | | Chinese government's product |
| statistics, the value of the relevant case to reach 3.2 | | | | competition." Chinese glass face "double |
| billion. No matter which according to statistical | | | | reverse" investigation, might be only a matter |
| standards, this is so far the U.S. and foreign-initiated | | | | of time. |
| case the value of China's largest trade | | | | Beware of trade friction, "out of |
| sanctions with the case. | | | | control" |
| U.S. countervailing lengthy process, | | | | As the two largest trading partner, |
| according to relevant regulations, the Ministry of | | | | some China-US trade disputes, friction is normal. |
| Commerce ruled that mainly occur if there are | | | | However, frequent use of U.S. trade remedy |
| subsidies, subsidies for the ratio of the number; U.S. | | | | measures, while China's bad for business, it may |
| International Trade Commission ruled that the U.S. | | | | not really help the U.S. economy. |
| industry, mainly related to whether the damage. If | | | | As an example, China's tire |
| the final determination of both the establishment of a | | | | exports to the U.S. blocked by the U.S. cheap tire |
| foreign government subsidies, the Ministry of | | | | prices rose sharply recently, or has reached 10% |
| Commerce of the relevant products can be ordered | | | | -28%. According to industry sources, the current |
| Customs to implement countervailing sanctions. | | | | gains are still preliminary, with the effects of special |
| In May of this year's initial ruling, | | | | protection cases have increasingly shown, cheap tire |
| the U.S. International Trade Commission has | | | | prices will continue to rise. "Washington |
| determined that China's oil pipe harmful to U.S. | | | | Times" editorial pointed out that the Obama |
| industry, the Commission's final ruling is | | | | administration to implement safeguard tire is |
| expected to be made next year on January 7. Not | | | | low-income families suffer the consequences of the |
| surprisingly, then, the Commission will maintain the | | | | new loss, they "will be forced to postpone the |
| original verdict in the final ruling, so anti-subsidy | | | | replacement of old tires, which will allow these |
| sanctions against China oil pipe facing a foregone | | | | families face greater risks . " |
| conclusion. | | | | World Bank President Zoellick told |
| But the U.S. sanctions on China oil pipe, | | | | reporters that, as a basic principle, if possible, the |
| does not end with a subsidy. 5 this month, according | | | | parties concerned should resolve trade disputes |
| to the U.S. Department of Commerce made a | | | | through negotiations. "So, I hope that the |
| preliminary determination of anti-dumping, 37 Chinese | | | | United States and China to resolve these disputes |
| companies will face anti-dumping, ranging from | | | | through the final lowering of trade barriers, rather |
| 36.53-99.14% punitive tariffs. Expected, the Ministry | | | | than increase the anxiety of people on the |
| of Commerce and Trade Commission's final | | | | protectionist." |
| ruling in the subsequent sanctions also will continue | | | | Sino-US trade relations have become a |
| the green light. | | | | bit nervous now, but long-term and global |
| Textiles, glass, into the next terror | | | | perspective, both the current round of trade frictions |
| target for attacks | | | | should not deteriorate. Obama had told U.S. media |
| The recent rise of U.S. trade | | | | that when he tires safeguard triggered discontent in |
| protectionism, an important factor, is the U.S. | | | | China was not surprised, but the United States and |
| government adopted a laissez-faire attitude. Among | | | | China have huge economic ties, he believed that a |
| them, the tires safeguard also set a very bad | | | | trade war between the two countries will not. |
| precedent. According to industry sources, inspired by | | | | Perhaps, from another perspective, |
| the tires safeguard, the U.S. textile groups and the | | | | Obama dare this adventure is that the increasingly |
| major textile workers are in close contact, research | | | | close China-US relations, which should not lead |
| on Chinese imports of clothing brought the possibility | | | | because of these little tricks "out of |
| of special protection. | | | | control." Therefore, Georgetown University, the |
| From this year, the United States | | | | Chinese expert Baldor cover also joked with |
| against Chinese products have been launched 10 | | | | reporters, sometimes, also nothing wrong with these |
| anti-dumping and countervailing merger investigations, | | | | little friction as the overall relations between the two |
| two anti-dumping investigations, one from the special | | | | countries "positive signal", of course, the |
| protection. According to the Chinese Ministry of | | | | United States can not be played fire, because if it |
| Commerce, saying, "placed on file with high | | | | leads to a trade war, the result will undoubtedly be |
| frequency in the history of world trade remedies are | | | | disastrous. |
| extremely rare." | | | | |