The Bush administration, facing heavy pressure to deal with soaring trade deficits, said Friday it is imposing economic sanctions against China to protect American paper producers from unfair Chinese government subsidies. The action reverses 23 years of U.S. trade policy by treating China, which is classified as a non-market economy, in the same way that other U.S. trading partners are treated in disputes involving government subsidies. The decision was announced by Commerce Secretary Carlos Gutierrez. "China's economy has developed to the point that we can add another trade remedy tool," Gutierrez said. "The China of today is not the China of years ago. Just as China has evolved, so has the range of our tools to make sure Americans are treated fairly."...
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Editor - 09:17:00 03-30-07
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 Bush takes flak from all sides over Iraq |
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Editor - 22:57:00 03-29-07
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| U.S. rejects Saudi view of Iraq as occupied. |
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Editor - 22:33:00 03-29-07
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Editor - 21:26:00 03-29-07
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| In Bankruptcy Documents, San Diego Diocese Offers $95 Million to Settle Sex Abuse Claims |
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Editor - 20:13:00 03-29-07
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| Manila Police Chief, 2 Other Officers Dismissed in Wake of Philippine Hostage Crisis |
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Editor - 20:06:00 03-29-07
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