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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (2250)	12/26/2003 9:49:43 AM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China lifts steel tariffs imposed on U.S. THE ASSOCIATED PRESS SHANGHAI, China -- China lifted tariffs on steel imports Friday, eliminating restrictions imposed last year amid a trade dispute with Washington. China imposed three-year tariffs on foreign steel products in November 2002, saying it needed to compensate for duties imposed by the United States. President Bush scrapped the 20-month-old U.S. tariffs on Dec. 4 amid heavy pressure from trading partners. "In view of current developments in the steel market ... the Ministry of Commerce has decided to discontinue safeguard tariffs on steel imports, effective Dec. 26, 2003," the ministry said on its Web site. Beijing's lifting of tariffs was expected to hurt Chinese steel makers, which are struggling to modernize their factories. .. seattlepi.nwsource.com