China Investigates U.S. Exports as Tensions Rise

ny times ^ | 9/13/2009 | KEITH BRADSHER

[tobyhill]

The Chinese government announced on Sunday evening that it was opening investigations into whether the United States is subsidizing and dumping automotive and chicken meat exports to China, sharply escalating trade tensions two days after President Obama imposed tariffs on tires from China.

China’s commerce ministry did not mention the tire dispute in its announcement on Sunday, taking pains to portray the investigations as “based on the laws of our country and on World Trade Organization rules.”

But the timing of the announcement, on a weekend and so soon after the tire decision in Washington, sent an unmistakable message of retaliation. The official Xinhua news agency web site prominently linked its reports on the tire dispute and on the Chinese investigations into “certain imported automotive products and certain imported chicken meat products originating from the United States,” without actually mentioning the tire issue in its description of the upcoming investigations.

[screaminsunshine]

All they need to do is not buy our debt. Obama will fold.

[mainepatsfan]

All they need to do is not buy our debt. Obama will fold.

Obama will find out very quickly that giving a good speech won't sway the Chicoms one bit.

[ripley]

Repeat of 1920’s protectionism?

[Centurion2000]

1930’s Smoot Hawley

[kg_mobster]

Could that be exactly what 0 wants? What better way to cause an even bigger crisis than pissing off the country that funds our deficit?

[tobyhill]

It's ironic that while Obama is defending the Steel Workers Union he may very well hurt the UAW.

[Army Air Corps]

Amateur hour and on-the-job training come together.

[DonaldC]

I’m surprised we export anything that China can retaliate against. This globalism with communists stinks.

[dr_lew]

Amateur hour and on-the-job training come together.

His efforts at diplomacy remind me of Phaeton driving Apollo's chariot ... "When the horses feel the reins lying on their back, they break loose from their course, and with none to guide them, they roam through unknown regions of the air."

That's where we're headed, "unknown regions".

[Army Air Corps]

Exactly. One of his problems is a lack of ability to multitask. He is so focused on socialised medicine that he ignores everything else. He can only pay attention to one thing at a time and his attention is focused on health care like child mesmerised by a shiny object.

[Army Air Corps]

People would be surprised by how much China imports from the US. From machinery to food, it amounts to a sizeable chunk of change.

[Army Air Corps]

Read post #20 on this thread to get an idea of how much they buy from us.

[newbie2008]

ECB Warns of Growing Protectionism

Bankers Warn of Protectionism

Korea Warns US of Protectionism

WTO warns against protectionism amid economic slump

Gordon Brown to warn US against economic protectionism

Leaders Warn Against a Protectionist Trend

G7 Ministers Warn Against Protectionism

Chinese legislator warns against protectionism

China warns against protectionism

IMF warns against signs of growing protectionism

Putin warns over protectionism in economic perfect storm

Japan warns against protectionism ahead of G7

Canadian Prime Minister Warns Protectionism Greatest Threat to Global Economy

[mainepatsfan]

Exactly. One of his problems is a lack of ability to multitask. He is so focused on socialised medicine that he ignores everything else. He can only pay attention to one thing at a time and his attention is focused on health care like child mesmerised by a shiny object.

He's so focused on winning this one battle that it may cost him the war.

[ripley]

Apparently, our beloved president is no student of history, or is he?

IMHO