Bush Imposes Trade Sanctions on China

Is THIS fair? Watch the video in the URL below.

http://release.theplatform.com/content.select?pid=ZCF1CYYQJjcUS0R8uZKFGMBOCGlD4Zmx

WASHINGTON -- The Bush administration imposed new economic sanctions against China, a vivid reflection of the increasingly tough climate in the U.S. toward free trade -- particularly with Beijing.

The new duties apply narrowly to complaints that Chinese producers of glossy, high-quality paper used in books and magazines are unfairly subsidized by their government -- just $224 million of annual imports, or less than 1% of the total goods and services Americans buy each year from China.

But the action is likely to have much wider ramifications. It opens the door to a potential rush of similar complaints by American ...

BEIJING -- A Chinese commerce official said over the weekend that Beijing is "strongly dissatisfied" with the U.S. government's decision to impose anti-subsidy tariffs on imports of glossy paper from China.

"China strongly urges the U.S. to reconsider the decision and to correct it as soon as possible," said Wang Xinpei, a spokesman for China's Ministry of Commerce, in a statement posted early Saturday on the ministry's Web site.