China’s Ministry of Commerce on Friday announced it would formally launch an investigation into subsidies on imports of some automobiles from the United States, Reuters reports. With all the bailout money sloshing around, China won’t have a hard time coming up with evidence.
The announcement is seen as a tit-for-tat after the U.S. imposed anti-dumping duties on Chinese-made steel pipe after finding that producers benefited from Chinese subsidies.
China had previously announced it would launch investigations into poultry and auto imports from the U.S. after the U.S. slapped punitive tariffs on imports on Chinese-made tires. Gasgoo reports a steady growth of car imports to China, especially in the SUV department.
9 Comments on “Tradewar Watch 7: More Shots Fired...”
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How many autos is China importing from the US?
I’m sure they can find any evidence they want.
That’s the problem with being a free trade (mostly) nation. We deal with nations who will regulate imports. GM banking on Buick is a wild-ass-guess that easily could be tarrif checked out of existence.
Poultry – I worked at the savannah port authority, they aren’t going to do anything about poultry, the ships come with alot of cheap sh!t and they leave with alot of birds, I mean massive refrigerated warehouses filled with frozen turkeys and chickens all waiting to be sent to China. I understand it’s the threat and all, but China can’t feed itself and feeding the less well off masses cheaply is one of thier governments biggest worries.
The Buicks sold in China are made in China by a joint venture.
John: About $1b worth a year …
It would be nothing short of astounding how thoroughly can be ignored the reality that there is nothing such as “free trade”, but as Upton Sinclair said, it is difficult to get a man to understand something when his salary depends on his not understanding it.
Daniel: It is also astounding how easily trade wars can be shoved down peoples’ throats, and how eagerly some swallow them. Trade wars make goods more expensive, and we all pay for it. It is beyond me why some people want even less money in their pockets.
“About $1b worth a year …”
Which works out to around 40 thousand units into a 10 million plus unit per year market. Yi ha!
Isn’t there already a trade war under way, and don’t we know which side is winning?
With the loan from China we got which was several hundred billion dollars , we better not bite the hand that feeds us.