US Quiet on China Trade Tax
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China&#39;s promise to impose new taxes on some textile exports will do little to sway the administration as it debates whether to limit the expected flood of Chinese
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Chinese officials reiterated their  country would move toward a flexible foreign exchange rate, but  offered no new specifics on the timing in a joint statement  issued on Friday after talks with high-level U.S. officials.
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BEIJING -- China said today that it will slap a tax on some of its textile exports in a nod to trading partners who fear that less expensive Chinese goods will flood their markets when global quotas on textiles expire next month. China will impose an export duty on certain, unspecified textile products, the English-language China Daily newspaper said, citing ...
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WASHINGTON -- Treasury Secretary Henry Paulson said Thursday that China is moving too slowly to overhaul its currency system and to crack down on copyright piracy, two factors that American businesses blame for the soaring trade deficit with China.
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The US and the European Union responded cautiously yesterday to China&#39;s surprise undertaking to impose duties on some textile exports, a step it said was designed to ensure a &quot;smooth
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WASHINGTON -- The Bush administration, under pressure from a Democratic-controlled Congress to do something about America's soaring trade deficit, filed a trade case Friday against China in a dispute involving government subsidies.
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WASHINGTON, Aug 20  - President George W. Bush has not decided on whether wholesale changes to the US tax code would be a focus of administration policy if he won a second term, US Treasury Secretary John Snow said on Friday.
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President Bush's top trade negotiator said Monday that quiet talks are under way with congressional Democrats seeking to bridge differences on labor and environmental standards in trade deals.
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The Bush administration, under  pressure from Congress to be tougher on trade, will seek to  eliminate Chinese government subsidies for steel, computers,  clothing and many other industries in a case launched on Friday  at the World Trade Organization.
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The United States has won a preliminary ruling in a World Trade Organization case over Chinese tax policies that restrict imports of foreign auto parts, a U.S. trade official said on Wednesday.
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China said a complaint by the United States and Mexico over Chinese tax breaks that led to a World Trade Organisation investigation was based on a &quot;huge misunderstanding&quot; and political agendas.
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China&#39;s trouser exporters are bracing themselves against the threat of a US trade war aimed at their products. US officials opened an investigation on Friday into whether Chinese trouser makers were pocketing an unfair share of the world market.
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While record trade deficits and lost manufacturing jobs are election-year campaign issues, US exporters are fuming because Congress has yet to change corporate tax laws that threaten their sales in Europe, America&#39;s biggest foreign market.
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The US and the EU have responded cautiously to Chinaâs announcement that it would impose export duties on some textile products to ensure a âsmooth transitionâ on the
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Conspicuous by their silence, US retailers and apparel makers are waiting on the sidelines while domestic textile companies take what may be their last stabs at preserving limits on imports of garments made in China.
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The World Trade Organisation (WTO) has said that the US should not have imposed import duties on South Korean memory maker Hynix. However, early indications suggest the US may be preparing to appeal against the judgement.
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The World Trade Organization held off Wednesday on approving stiff sanctions on US exports - ranging from cod to mobile homes - intended to punish Washington until it repeals the so-called Byrd amendment.