From AP:
The Bush administration, facing heavy pressure to deal with soaring trade deficits, is considering imposing economic sanctions on China in a dispute over government subsidies.
If the administration decides to take action, it would open up a new area in which American companies being battered by a flood of Chinese imports could seek protection and would reverse 20 years of U.S. trade precedent.
Commerce Secretary Carlos Gutierrez was to announce the government’s decision on Friday in a case brought by NewPage Corp., which contends that imports of high-gloss paper from China represent unfair competition to U.S.-made paper.[Full Text]
