U.S. May Impose Sanctions on China – Martin Cruitsinger

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]

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