China Calls U.S. Duties on Pipes Protectionist

September 10, 2009 Share Print 0

China’s Ministry of Commerce said it “resolutely opposed” a United States decision to impose preliminary duties on $2.6 billion in imports of Chinese-made steel pipes, a move it called protectionist.

The case is one of the biggest to move through the U.S. trade litigation system in recent years and comes as President Barack Obama faces a Sept. 17 deadline to decide whether to curb tyre imports from China.

CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.