. Military Space News .
TRADE WARS
China warns of retaliation after fresh US trade probe
By Ryan McMorrow with Douglas Gillison in Washington
Beijing (AFP) Nov 29, 2017


China on Wednesday warned it would take the "necessary measures" to protect its businesses after the United States launched a new trade probe into China's possible aluminium dumping.

The investigation into imports of aluminium sheet worth hundreds of millions of dollars a year was an unusually aggressive move by the United States.

For the first time since 1991, the US Commerce Department said it launched the investigation on its own initiative, rather than responding to a request from a US company.

"This practice by the US side is very rare in the history of international trade," China's Ministry of Commerce said in a statement.

"China expresses strong dissatisfaction towards the tendency of trade protectionism displayed by the United States."

The US Commerce Department said Tuesday it opened the probe into possible dumping and inappropriate subsidies of common alloy aluminium sheet from China, which may be harming US industry.

"President Trump made it clear from day one that unfair trade practices will not be tolerated under this administration, and today we take one more step in fulfilling that promise," Commerce Secretary Wilbur Ross said in a statement.

"We are self-initiating the first trade case in over a quarter century, showing once again that we stand in constant vigilance in support of free, fair and reciprocal trade."

The US imported more than $600 million of aluminium sheet from China last year. The product, used in building and construction, transportation and making appliances, may benefit from subsidies and may be sold in the US market below cost, the statement said.

The government could retaliate by imposing punitive import duties on the Chinese aluminium.

China's Commerce Ministry said the aluminium trade was mutually beneficial to China and the US.

"Man-made obstruction to the normal aluminium trade will harm the interests of both China and the US," the statement said, which was attributed to Wang Hejun, the director of the trade remedy and investigation bureau.

China said it would adopt the "necessary measures to protect the legitimate rights and interests of Chinese enterprises", but did not detail what those measures would be.

Washington's use of the rare tactic capped a series of adversarial manoeuvrers on trade with China, and came shortly after President Donald Trump's two-week trip to Asia this month, which included a stop in Beijing.

Among the steps taken was the Trump administration in April launching national security investigations into Chinese imports of aluminium and steel, warning that they threatened to undermine producers crucial to US defence needs.

- Trade cases rise under Trump -

The US also has slapped punitive duties on imports of Chinese aluminium foil and plywood, and announced earlier Tuesday it had done likewise for imports of Chinese-made tool chests and cabinets.

Trump rose to office on a nationalist economic agenda, squarely blaming alleged unfair Chinese trading practices for US job losses and economic hardship -- part of a combative overall stance that has focused upending prevailing trade policies to reduce deficits.

The Trump administration has launched 65 percent more trade investigations than the final year of the Obama administration, with 79 opened compared to just 48 in 2016, according to the Commerce Department.

The last time the Commerce Department self-initiated a countervailing duty case was 1991, on Canadian softwood lumber -- a dispute that continues. The last self-initiated anti-dumping investigation was into Japanese semiconductors in 1985.

The department said it acted based on information suggesting import prices for the Chinese alloy aluminium sheets "may be less than the normal value" and production of the material may have been unfairly subsidised, the statement said.

"The department also has evidence that imports of common alloy sheet from China may be materially injuring, or threatening material injury to, the domestic industry producing common alloy sheet in the United States," the department said.

TRADE WARS
Europe embraces Black Friday sales with some reservations
Paris (AFP) Nov 24, 2017
Billions of euros will change hands over Black Friday weekend sales across Europe, but despite increasingly accepting the US import, the promotions will be marked by strikes, protests and concerns about over-consumption. Here is how the sales, which stretch four days from Black Friday to Cyber Monday, are expected to fare in some of the continent's big spenders: - France - After sta ... read more

Related Links
Global Trade News


Thanks for being here;
We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor
$5 Billed Once


credit card or paypal
SpaceMediaNetwork Monthly Supporter
$5 Billed Monthly


paypal only


Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
US Scrambles to Assemble Space-Based Missile Defense System

Boeing meets 2017 ballistic missile defense installation goal early

Sweden picks US Patriot missile system over European rival

Missile from Yemen intercepted near Riyadh airport

TRADE WARS
State Dept. approves potential Javelin missile sale to Georgia

State Dept. approves potential missile sale to Poland

Raytheon awarded contract for Evolved Sea Sparrow Missile program

Lockheed Martin to test AGM-158 JASSM

TRADE WARS
Drone Race: Human Versus Artificial Intelligence

Pentagon steps up Somalia drone strikes

Lockheed Martin Integrates New Engine for Fury Unmanned Air Vehicle

Alpha Unmanned Systems teams with Sightec for image stabilization and object tracking.

TRADE WARS
US Navy accepts 5th MUOS Satellite for global military cellular network

SES GS Awarded US Government Satellite Solutions Contract

16th SPCS Defenders of critical satellite communications

First order for Elta ELK-1882T SATCOM network system

TRADE WARS
Marines roll out new anti-tank weapon system

Saab to supply South African forces with field kitchens

Raytheon, Saab to develop improved shoulder-launched weapon systems

MBDA Inc. to produce parts for Small Diameter Bomb

TRADE WARS
Congress sends $700 bn defense bill for Trump's signature

Lockheed, Navantia renew collaborative agreement

Philippines' Duterte receives Russian assault rifles

Whistleblower protection bill sent to President as complaints of retaliation grow

TRADE WARS
Forbidden City and Vatican try 'art diplomacy'

US soldiers removed from W. House detail amid probe: report

France on a mission to restore lost Middle East clout

NATO sorry after Erdogan pulls troops over Norway incident

TRADE WARS
Ceria nanoparticles: It is the surface that matters

Semiconducting carbon nanotubes can reduce noise in interconnects

Manganese dioxide shows potential in micromotors

Promising sensors for submarines, mines and spacecraft









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.