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U.S. Duties on Chinese Imports Not Protectionist
17/11/2009 12:00
Nov. 13 (Bloomberg) -- U.S. decisions to impose duties on steel, tires and other imports from China are examples of enforcing trade rules, not protectionism, Commerce Secretary Gary Locke said.
“If we have rules, we have agreements, we have to enforce those agreements,” Locke said in a Bloomberg television interview in Singapore. “These are all legitimate rules of trade, agreed to by all members” of the World Trade Organization, he said.
Locke is attending the Asia-Pacific Economic Cooperation summit in Singapore this week with officials from countries such as China, Japan and South Korea that have trade surpluses with the U.S. Those countries, especially China, complain that U.S. antidumping and other trade restrictions discriminate against their products.
Locke said all the members of the WTO agreed not to “dump” their exports at a discount, including the U.S.
“When you have trade agreements, it’s important that countries live up to the rules,” he said. “Everybody loses in a trade war.”
These trade cases affect a small percentage of the $409 billion in two-way trade between the U.S. and China, Locke said.
“If we have rules, we have agreements, we have to enforce those agreements,” Locke said in a Bloomberg television interview in Singapore. “These are all legitimate rules of trade, agreed to by all members” of the World Trade Organization, he said.
Locke is attending the Asia-Pacific Economic Cooperation summit in Singapore this week with officials from countries such as China, Japan and South Korea that have trade surpluses with the U.S. Those countries, especially China, complain that U.S. antidumping and other trade restrictions discriminate against their products.
Locke said all the members of the WTO agreed not to “dump” their exports at a discount, including the U.S.
“When you have trade agreements, it’s important that countries live up to the rules,” he said. “Everybody loses in a trade war.”
These trade cases affect a small percentage of the $409 billion in two-way trade between the U.S. and China, Locke said.
By Mark Drajem
To contact the reporter on this story: Mark Drajem in Washington at mdrajem@bloomberg.net
To contact the reporter on this story: Mark Drajem in Washington at mdrajem@bloomberg.net
Last Updated: November 12, 2009 19:30 EST
Source: www.bloomberg.com
Source: www.bloomberg.com
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