China blasts U.S. duties ahead of Obama visit

Reuters ^ | 11/6/09

[FromLori]

China denounced as protectionist new U.S. anti-dumping duties on steel pipes on Friday and called for Washington's swift recognition that it is a market economy, a week before a visit by U.S. President Barack Obama.

The United States on Thursday slapped preliminary anti-dumping duties ranging up to 99 percent on $2.63 billion in Chinese-made pipes used in the oil and gas industry, in the biggest U.S. trade action against China to date.

The Commerce Department issued its preliminary decision a week before Obama heads to Asia on a trip that includes stops in Shanghai and Beijing. It follows counter-vailing duties on the same product, announced in September.

"China resolutely opposes the abuse of protectionist measures, and will take measures to protect the interests of our domestic industry," the Ministry said on its website on Friday.

"We hope that the U.S. will set aside its biases and as quickly as possible recognize China's market economic status, thoroughly overcoming its double standards and giving equal and fair treatment to Chinese firms."

In trade meetings with U.S. officials last week in Hangzhou, the Chinese side pressed for recognition as a market economy, before the 2016 deadline negotiated when it entered the World Trade Organization. That would make it harder for the United States in future to rule in favor of such duties.

"This has set a very bad example. China must keep cool-headed and make long-term preparations," Wei Jianguo, a former Vice Minister of Commerce, wrote of the safeguard duties in Southern Breeze, a Chinese current affairs magazine.

"China must be decisive and not at all polite."

[Uncle Miltie]

0bamanomics:

Nationalize Healthcare
Nationalize Banks
Nationalize Automobile Manufacturers
Nationalize Student Loans
Increase Taxes
Start Trade Wars
Export Jobs with Cap and Tax
Increase government control of the economy from around 35% to well over 50%

By comparison, the Chinese Communists only control about 30% of the economy. Paragons of Capitalism are the Communists, in comparison to 0bummer!

[Truth is a Weapon]

Rush is correct. 0bama is trying to destroy our economy and nation. A trade war with the largest holder of our debt is foolish beyond the pale. Just wait until they buy the other half of the IMF gold for sale. And them dumps more of our debt on the open market. The Fed will be forced to buy up our worthless paper to prevent panic.

[Wiz]

We don’t need to trade with ChiCom in the first place. That is against the values of freedom, and all trades should be trashed in protests of human rights violations. In fact, China is engaging in a Commerce Terrorism against America that are killing our pets, our family, our children through polluted products! Death to China!