On September 15, 2009
China Trade War Could Affect Food Industry
The U.S. decision to put tariffs on Chinese tire imports could lead to retaliatory measures impacting the food industry. China is not happy about the new tariffs and it’s filing a complaint with the WTO — despite the fact that WTO agreements explicitly allow temporary tariffs in the case of a market-disrupting import surge. China is also investigating possible dumping by U.S. poultry companies, as well as auto companies. The Chinese government said it’s looking into “some” companies and whether they illegally sold goods for less than the cost of production, but it didn’t specify which ones. The National Chicken Council says the investigation is completely unjustified and was only initiated in response to the tire tariffs. Others in the…
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