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Strategies & Market Trends : Waiting for the big Kahuna

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To: Real Man who wrote (67491)	11/20/2003 4:30:48 PM
From: mishedlo	Read Replies (2) of 94695

Trade wars Message 19522802 "We're not going to sit around and tolerate 50 percent of your enterprises being state-owned, which means they're state subsidized," U.S. Commerce Secretary Don Evans said on the sidelines of a meeting of Western Hemisphere trade ministers in Miami. China's Vice Commerce Minister Ma Xiuhong earlier told the official Xinhua news agency that Beijing will raise tariffs on some American imports. She did not elaborate. But Beijing did summon the U.S. ambassador to China late on Wednesday, telling him it was "shocked and dissatisfied" over the textile quotas, Xinhua said. Harsher words followed as the official China Daily accused the United States of cheap point-scoring, and said the imports caps would not fix the huge trade imbalance. "The cheap political points the Bush administration scored by touting trade protectionism will prove costly for U.S. consumers as well as global trade," the newspaper said.

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