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5 Sep, 2011

US harms self, others with trade protectionism – People’s Daily Online

Recently, the U.S. Department of Commerce preliminarily judged that it would impose high tariffs on a part of steel wheel hubs and galvanized steel wires imported from China to offset the subsidies given by the Chinese Government to the exporters. Earlier, the U.S. Department of Commerce also imposed anti-subsidy duties on the drill pipes and wood floor tiles imported from China.

Then, after being silent for a while, the United States waved the trade stick again. According to some analyses, this action taken by the United States closely relates to many factors, including the declining U.S. domestic economy, rising trade protectionism and politician’s manipulations. The Chinese government has emphasized many times that China strongly opposes any actions that encourage trade protectionism.

via US harms self, others with trade protectionism – People’s Daily Online.