US moves to place new duties on steel from China

[demoleft]

WASHINGTON – The U.S. government is imposing new duties on imports of steel pipes from China, the latest sign of trade tensions between the two countries.

The case is the largest steel trade dispute in U.S. history and will affect about $2.8 billion worth of Chinese imports.

A group of U.S. steelmakers and the United Steelworkers union sought the duties in April, arguing that the Chinese steel industry was flooding the U.S. market with pipes sold at unfairly low prices, a practice known as "dumping."

The Chinese companies also benefited from government subsidies, the U.S. industry said.

source: AP, http://news.yahoo.com/s/ap/20091230/ap_on_bi_ge/us_china_us_trade

[white_wolf]

1. Sounds good to me,

Hopefully this will help bring jobs back to the U.S.

[lunatica]

2. OK what's the catch?

I'm jaded. I know.

It seems like the right thing to do, but, but...

[evan2]

3. 2010 elections coming up. Protect the base and prevent the GOP

from horning in and getting the lion's share of steel industry PAC money.

[lunatica]

6. Elections or not that seems to be the right thing to do

Are you objecting?

[BobRossi]

4. A tiny start.

As a matter of fact we shouldn't even let the shit made in China in our borders.

[SoCalNative]

5. No we shouldn't

but considering that China now basically owns the US...I don't see imports from there being stopped anytime soon.