 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| . |  |
. |
 by Staff Writers Washington (AFP) June 12, 2018
US President Donald Trump's Commerce Department on Tuesday announced another trade action involving Chinese imports, with producers of steel propane tanks accused of dumping and unfair subsidies. It is the latest in a series of disputes the Trump administration has taken up against Beijing, the largest of which are the looming 25 percent tariffs on $50 billion in Chinese goods amid complaints the country is stealing US technology. The frictions with the Asian giant, as well as the latest conflict will allies like Canada and the European Union have threatened to spill over into a global trade war. The latest complaint, lodged by US manufacturers in Ohio and Tennessee, argues that China is dumping and unfairly subsidizing the steel cylinders, which allegedly land on the US market at below cost, creating unfair competition for US companies, including two that filed a complaint with the Commerce Department. The complaint says China subsidizes production by 55 to 109 percent through a variety of programs including taxes, grants and export credits for nearly $90 million in exports. If Commerce determines the China provides the industry with unfair subsidies and is dumping the products, it will impose antidumping and countervailing duties to make the prices similar to US competitors. The case also alleges dumping of the steel tanks by Taiwan and Thailand at lower rates. Last year, the United States imported a little over $100 million in the propane cylinders from the three countries combined, according to the Commerce Department.
Trump trade fury torpedoes Canada's G7 summit Quebec City (AFP) June 10, 2018 The G7 summit ended in farce and a renewed threat of global trade war as US President Donald Trump abruptly rejected the text of a consensus statement and bitterly insulted the Canadian host. Just minutes after a joint communique Saturday that had been approved by the leaders of the Group of Seven allies was published in Canada's summit host city Quebec, Trump launched a Twitter broadside from aboard Air Force One. The US leader left the meeting early en route for Singapore and a historic nuclea ... read more
|
|||||||||||||
|
|
| 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. |
del.icio.us
Digg
Reddit
Google
