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The United States is pushing back against a Chinese tariff that has virtually wiped out chicken exports to the world's largest nation.
Trade Representative Ron Kirk said Tuesday that the United States is complaining to the World Trade Organization about the tariffs, which in some instances have more than doubled the price of U.S. chickens in China.
The Chinese Ministry of Commerce imposed the tariffs last September, accusing the United States of dumping chickens into the Chinese market.
Some 35 companies were singled out and faced tariffs of between 50.3% and 53.4%. All U.S. producers not named have weathered a Chinese tariffs of 105.4%.
U.S. trade officials say that the tariffs have hit the U.S. poultry industry to the tune of between $500 million and $1 billion, with 90% of poultry sales to China wiped out.
http://money.cnn.com/2011/09/20/news/economy/china_trade/index.htm
Free trade - pfft
Trade Representative Ron Kirk said Tuesday that the United States is complaining to the World Trade Organization about the tariffs, which in some instances have more than doubled the price of U.S. chickens in China.
The Chinese Ministry of Commerce imposed the tariffs last September, accusing the United States of dumping chickens into the Chinese market.
Some 35 companies were singled out and faced tariffs of between 50.3% and 53.4%. All U.S. producers not named have weathered a Chinese tariffs of 105.4%.
U.S. trade officials say that the tariffs have hit the U.S. poultry industry to the tune of between $500 million and $1 billion, with 90% of poultry sales to China wiped out.
http://money.cnn.com/2011/09/20/news/economy/china_trade/index.htm
Free trade - pfft