. | . |
China targets US, EU with rubber trade case by Staff Writers Beijing (AFP) April 19, 2018 China announced on Thursday it would impose temporary anti-dumping measures on synthetic rubber imported from the United States, the European Union and Singapore. The case could stoke the simmering tit-for-tat trade tiff between Beijing and Washington, with each side having made threats of more duties on billions of dollars worth of goods. China's commerce ministry repeated that the two sides were not negotiating on the issue -- appearing to contradict US President Donald Trump's claim last week that the two sides were having "great discussions" on trade. "The two sides have not conducted any bilateral negotiations on the US's section 301 investigation or the US's proposed list of Chinese products to tax," ministry spokesman Gao Feng told a regular press briefing. The US section 301 investigation focuses on what Washington describes as Beijing's intellectual property breaches, including a failure to respect foreign patent holders. When asked if China had underestimated the Trump administration's resolve on trade, Gao shot back: "We hope the US will not underestimate China's resolve." He warned that Beijing would fight back against any "erroneous scheme" by the US that would attempt to "contain China's development and force China to yield". "On the surface the US's actions are targeting China, but actually it is harming itself," Gao said. The anti-dumping measures on rubber come after an initial investigation by China's commerce ministry found evidence the countries were dumping the halo-isobutene-isoprene rubber. Importers were directed to place deposits with China's customs department ranging in amount from 26 percent to 66.5 percent of the goods' cost -- to be applied against the imposed tariffs if the ministry finds dumping in its final ruling. The dumping did "substantial damage" to China's domestic industry, the commerce ministry said in a statement. The US and Singapore are China's main foreign sources of the synthetic rubber, with imports from the two countries respectively totalling $153 million and $115 million last year. It follows a similar case from Tuesday when China decided to slap provisional anti-dumping duties on imports of US sorghum.
'Big Freeze': Russian counter-sanctions draft may put Boeing 'on hold' Moscow (Sputnik) Apr 17, 2018 Russian lawmakers have submitted a wide-ranging bill that could freeze crucial exports to the United States. The bill, which was drafted in response to the new round of US sanctions announced last week, proposes a wide range of restrictions on the import of US goods and services and could impact bilateral cooperation in such high-tech areas as nuclear engineering and space exploration. The draft is scheduled to be put up for vote on May 8. b>Painful Blow br> /b> The bill, drafted by ... 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. |