China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (1921)	12/11/2003 8:36:44 PM
From: RealMuLan	Read Replies (1) of 6370

U.S. to target China furniture imports Reuters, 12.11.03, 6:48 PM ET WASHINGTON (Reuters) - The U.S. Commerce Department said Thursday it has launched an investigation that could lead to steep anti-dumping duties on more than $1 billion of wooden bedroom furniture imports from China. The decision came days after a meeting between President Bush and Chinese Premier Wen Jiabao, where the two leaders tried to quell rising trade tensions. In recent months, the United States has used its trade protection laws to curb rapidly rising imports of textiles, televisions and other products from China. U.S. furniture makers have asked for duties ranging from 158 percent to 441 percent on wooden bedroom furniture from China. Imports of the product have tripled from more than $400 million in 2000 to an estimated $1.2 billion this year, according to U.S. industry. Copyright 2003, Reuters News Service forbes.com

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