FIRST Word
Protectionist Measures While most of the world suffered through the recession, China has leveraged its large foreign currency reserves to buy up commodities and resource companies to fuel its manufacturing engine. This has sparked protectionist measures on Chinese products from corporations and governments in the U.S., Europe and elsewhere. Renewed protectionism began in earnest in September as the Obama administration set tariffs on Chinese tires, followed by tariffs on steel imports and renewed tariffs on consumer products such as shoes. China in turn continues to impose tariffs on imports it sees as a threat to domestic industries.
90%
– The amount of anti-subsidy duties the U.S. Steel Corp. requested the Commerce Department to impose on US$400 million of steel imports from China used in the chemical, petrochemical, refineries and related operations.
5 347%
– The number of years the European Union has decided to impose anti-dumping tariffs -- of 30-40% -- on aluminum foil and seamless steel pipes from three countries including China.
Imaginechina
- The amount of the antidumping tariff imposed on October 9 by the Ukraine Interdepartmental Committee of International Trade on 10ml Chinese syringes. Other tariffs include 24% on 2ml syringes and 54% on 5ml syringes.
www.chainaonline.com
5-37%
- The range of antidumping tariffs that China’s Ministry of Commerce has imposed on nylon imports from the U.S., Italy, the U.K., France and Taiwan.
NOVEMBER/DECEMBER 2009
7