This is how depressions are turned into Great Depressions…we slap a tariff on Tires, they slap a tariff on auto imports, and we all go down the tubes together!
China investigates US auto, chicken imports By GILLIAN WONG BEIJING
China is launching antidumping investigations into imported U.S. auto and chicken products, the government said Sunday, adding to a string of trade disputes with Washington including a recent decision to raise tariffs on Chinese-made tires.
The Commerce Ministry said it would look into complaints that American auto and chicken products are being dumped into the Chinese market or are benefiting from subsidies. The ministry said there are concerns the U.S. imports have "dealt a blow to domestic industries."
The ministry statement did not elaborate on the complaints or how the investigation would proceed.
Washington and Beijing have recently traded accusations of protectionism, which they agree will hurt efforts to end the global economic crisis.
The U.S. and China, the world’s largest and third-largest economies, have been engaged in a series of battles over access to each other’s markets for goods such as tires, steel pipe, music and movies.
President Barack Obama on Friday approved new tariffs on all car and light truck tires coming into the U.S. from China, a move Beijing condemned as protectionist and a violation of global trade rules.
The Commerce Ministry’s statement said China remained firmly opposed to protectionism.
"Since the financial crisis, China’s actions have proven this point," it said. "China is willing to work with countries around the world to act together to promote the quick recovery of the world economy." China investigates US auto, chicken imports – BusinessWeek
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