China strongly opposes U.S. charges it is unfairly subsidizing the manufacture of its steel pipes and woven sacks for export, the Commerce Ministry said Wednesday, in a further sign of trade friction between the countries.
China is “strongly unsatisfied” and “firmly opposed” to a recent U.S. Commerce Department ruling that says China is subsidizing companies making rectangular pipes and laminated woven sacks for export, Wang Xinpei, a ministry spokesman said in a posting on the ministry’s Web site.
As the U.S. trade deficit with China has ballooned, reaching $232.5 billion last year, tensions over China’s growing exports and the level of its currency have grown, with the United States filing more antidumping investigations against Chinese goods. [Full Text]
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