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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (331143)	4/1/2007 3:21:17 AM
From: American Spirit	Respond to of 1572616

Short the Bush deficit spending oil and war economy. It's corrupt. So it's unhealthy. We need to nip it in the bud and start paying back our debts.

To: Elroy who wrote (331143)	4/1/2007 4:14:38 AM
From: Taro	Read Replies (1) \| Respond to of 1572616

And the other good thing about our "Picks of the Quarter", since we don't discuss politics over there it is a nice rest in between the hard work of posting on this board ;-) Taro Message 23419025

To: Elroy who wrote (331143)	4/1/2007 8:36:24 AM
From: RetiredNow	Respond to of 1572616

Finally, we're doing something to counteract the Chinese gov't subsidies of their export industries... China demands US rethink on duties By Andrew Yeh in Beijing Published: April 1 2007 10:15 \| Last updated: April 1 2007 10:15 China’s commerce ministry has lashed out against a US move to impose duties against Chinese glossy paper exports and demanded that Washington reconsider the move in the latest sign of trade friction between the two countries. In a rare move, the US Department of Commerce on Friday announced tariffs ranging from 10 to 20 per cent on imports of Chinese glossy paper, which can be used to make company annual reports and various catalogues. ADVERTISEMENT ”The action of the US goes against the consensus reached by leaders of both countries,” said Wang Xinpei, a spokesperson at the Ministry of Commerce. ”The Chinese side strongly demands the US to reconsider this decision and make prompt changes.” The latest trade dispute over paper products was the result of intense lobbying from American paper mills and could spur other US industries such as steel and textiles to take similar action in the months ahead. Beijing’s commerce ministry hinted it might consider retaliatory action for the new US duties, or if it is subjected to additional penalties. Mr Wang said in a statement released on Saturday that they are closely monitoring the situation and “reserve the right to take any necessary action.” The duties announced by Carlos Gutierrez, US commerce secretary, average around 18.16 per cent but Gold East Paper in eastern Jiangsu province was slapped with a 20.35 per cent duty, the highest penalty. Washington’s move was in response to a legal case brought by an Ohio-based paper maker called NewPage, which is also seeking heavy anti-dumping duties against China. The anti-dumping case depends on US officials finding that Chinese paper is being “dumped” in the US at prices below fair market value. The new duties against Chinese glossy paper are by contrast countervailing anti-subsidy tariffs, intended to offset the alleged advantage that manufacturers enjoy as a result of the support they get from the Chinese government. US officials and industry associations have repeatedly claimed that China’s government provides financial support for certain key sectors, and this is tantamount to an unfair trade advantage. China has become a major exporter of finished and recycled paper products in recent years. The value of Chinese glossy paper exports to the US has grown exponentially and last year reached $224m, according to US trade figures. Frank Lavin, US undersecretary of commerce for international trade, said on a visit to Beijing last week that China’s huge trade surplus and refusal to answer US calls to open its market further put it at risk of paying a “political price”. By Washington’s estimate, the US trade deficit with China reached a record $232.5bn last year, prompting lawmakers to call on stricter curbs against China’s exports.