Filed under: Industry, Competitive strategy, China, Politics
It all started when President Obama, under pressure from U.S. unions, slapped a 35% tariff on tire imports from China. This move angered Beijing to no end, and to the point that China is challenging the action with the World Trade Organization.
China, in retaliation, has said that it would launch an “antidumping” policy against U.S. automobile exports to China. U.S. vehicle makers export only about 9,000 cars to China at present. However, China is now the leading auto maker in the world, and barring U.S. imports would hamper the U.S. auto export market.
Continue reading The looming U.S./China trade war
The looming U.S./China trade war originally appeared on BloggingStocks on Sun, 01 Nov 2009 11:40:00 EST. Please see our terms for use of feeds.
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