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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: CalculatedRisk who wrote (8068)	6/18/2004 4:52:27 PM
From: mishedlo	Read Replies (1) of 116555

U.S. OKs preliminary Chinese furniture duties of 5-198% Friday, June 18, 2004 4:40:07 PM WASHINGTON (AFX) -- The Bush administration announced Friday that it would preliminarily impose duties ranging from 4.9 percent to 198.1 percent on wooden bedroom furniture imported from China. Twenty-seven U.S. companies and four labor unions from 14 states, including North Carolina and Virginia, have asked the government to impose punitive duties ranging from 158 percent to 441 percent on Chinese firms. The U.S. makers have alleged the Chinese firms are illegally "dumping," or pricing below fair market value, about $1.2 billion of their goods on the U.S. market annually. The case is the largest U.S. anti-dumping case ever against China ====================================================================== 5 to 198% Is this a joke? China should tell the US it is going to raise tariffs on CAT products Mish

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