Quote:

New Punitive Duties Imposed on Chinese Products The United States is imposing new punitive duties on several Chinese products including solar panels, claiming they are unfairly subsidized by the government. ;) Audio • US Exports to China Booms • China-Ireland Bilateral Economic Ties • China Becomes New Prime Market for Italian Wine • Iowa to Enhance US-China Agricultural Co-op • Experts Say Private-run Micro-blog Real-name System May Hurt Privacy New Punitive Duties Imposed on Chinese Products The United States is imposing new punitive duties on several Chinese products including solar panels, claiming they are unfairly subsidized by the government. The U.S. Commerce Department on Tuesday made preliminary affirmative determination, suggesting Chinese manufacturers of solar panels have received government subsidies of 2.9 percent to 4.73 percent and therefore the tariffs on the products should be raised accordingly. ;) The final decision on whether Chinese companies are dumping their solar panels will be announced on May 17. Also on Tuesday, the Commerce Department confirmed the dumping practice of China-made galvanized steel wire and certain optical brightening agents. Tuesday's announcement followed a verdict against steel wheels made in China on Monday. The United States, together with the European Union and Japan, has also lodged complaints with the World Trade Organization concerning Chinese restrictions on rare earth exports. Analysts said the recent flurry of trade cases against China, combined with other aggressive moves, underscored that trade protectionism in the United States is moving into higher gear and taking on new features. :) It is quite rare to see America take so many protective measures in such a short period of time. These aggressive moves point to rising trade protectionism in the United States that takes on several new features, analysts said. The first feature is the employment of both defensive and offensive tactics. On the one hand, America resorts to trade investigations and mechanisms to put goods produced on its own soil under better protection. On the other hand, it steps up efforts to clear the way for U.S. companies and products to expand presence into overseas markets. The second one involves more diversified tools. To cripple China's exports, the United States starts to use patent protection as a cover for its act of protectionism, cracking down on Chinese products, such as printer ink cartridges and tablet PCs. In addition, it moves to ally with other developed countries to pile up pressure on China. Huang Yuchuan, senior researcher with Washington-based think tank Carnegie Endowment for International Peace, told Xinhua that developed nations tend to put up more trade barriers instead of freeing up trade and such a trend is taking shape in recent years. Analysts said the recent wave of protectionism has in part sparked by America's economic woes. ::) Many see protective measures as a quick remedy to salvage the sluggish economy and impotent job markets. Meanwhile, as presidential election campaigning is heating up, targeting China in the name of job creation is thought to be an easy and effective way to enlist voters' support. Instead of rushing to a tit-for-tat trade war, Beijing has always called for settling trade frictions through dialogue and voiced hopes that Washington could live up to its commitments to keeping the rising protectionist sentiments in check. The Chinese Commerce Ministry has called on the United States to work with China and other members of the international community to maintain a free, open and just international trade environment. Unilateral moves, such as the proposed tariffs, will not bring down the stubbornly high U.S. unemployment, but instead will make the situation more complicated. http://english.cri.cn/6826/2012/03/21/191s688307.htm

8-)

Sounds like a sanction to me,
Could be pre-emptive and a sign of things to come

Should Canberra place a higher protectionist emphasis to ensure foreign imports are not state subsidized and placing our own trade position at an unfair disadvantage? :)

corporate_whitey wrote on Apr 1^st, 2012 at 9:57am:

Should Canberra place a higher protectionist emphasis to ensure foreign imports are not state subsidized and placing our own trade position at an unfair disadvantage? :)

Well Australia could follow the US lead for two reasons..
1. To help Australian retailers who are probably in their pockets.
2. Because this is actually a early pre-emptive response to war.

Either way Australia will bugger itself, because the retailers are unsustainable and Australia would get destroyed in a war like that.

was about to post a comment and found this topic locked and moved to global,, wtf its a local issue

what we should be doing is lobbying state government to impose tariffs on imported good, this would increase manufacturing and create competition on imported goods.

BlOoDy RiPpEr wrote on Apr 1^st, 2012 at 10:41am:

what we should be doing is lobbying state government to impose tariffs on imported good, this would increase manufacturing and create competition on imported goods.

And where do we get the materials to create those things we manufacture?
Sorry but what you are saying wouldnt work, maybe for huge corporations but as a whole no.

We are in a globalized economy.

who you think manufacturing nations buy their resources from to make these products,, that's right Australia.

we could save a fortune on cutting out the middle man(China)

BlOoDy RiPpEr wrote on Apr 1^st, 2012 at 10:50am:

we could save a fortune on cutting out the middle man(China)

How?
We pay them like 10 cents an day

heard of automation? even the Chinese are doing it now to save on paying workers.

and i must add producing a far better quality product for doing so.

Bloody ripper in a fairer economy yeah we would save money but not in todays economy, just doesnt work like that.
Do you really think the jobs would be over there if we could do what you are saying?

bobbythefap1 wrote on Apr 1^st, 2012 at 10:58am:

Bloody ripper in a fairer economy yeah we would save money but not in todays economy, just doesnt work like that. Do you really think the jobs would be over there if we could do what you are saying?

It could be like that if our government gave the Australian manufacturing industry a fair go, just look how well Germany is doing, they are even exporting white goods to China now.

BlOoDy RiPpEr wrote on Apr 1^st, 2012 at 10:41am:

what we should be doing is lobbying state government to impose tariffs on imported good, this would increase manufacturing and create competition on imported goods.

Yes

Next, we should ask why tariffs on imported goods were lifted in the first place.  The result was predictable, even to a kid of eight

BlOoDy RiPpEr wrote on Apr 1^st, 2012 at 10:48am:

who you think manufacturing nations buy their resources from to make these products,, that's right Australia.

Yes again.  You're good value

BlOoDy RiPpEr wrote on Apr 1^st, 2012 at 11:17am:

bobbythefap1 wrote on Apr 1st, 2012 at 10:58am: Bloody ripper in a fairer economy yeah we would save money but not in todays economy, just doesnt work like that. Do you really think the jobs would be over there if we could do what you are saying? It could be like that if our government gave the Australian manufacturing industry a fair go, just look how well Germany is doing, they are even exporting white goods to China now.

Thumbs up

Chinkey Chonkey IMPORTS are yesterday's news.

Didn't you realise that PAKISTAN and friends are where it is at now FOR NEW AND WONDERFUL WAYS TO EXPLOIT THE THIRD WORLD?

CHINA is rooted now everyone there wants a freaking CAR. HOW DARE THEY?

China has banned large exports of rare earths, crucial in electronics. However, our fine wool can be smelted in high carbon coal to make rarer earths.