<UL><STRONG>Friday, May 13</STRONG> <LI>The U.S. Commerce Department moved to limit imports on three categories of Chinese apparel imports, including cotton knit shirts and blouses and cotton trousers valued at $624.5 million.<BR><BR><STRONG>Tuesday,...
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- Friday, May 13
- The U.S. Commerce Department moved to limit imports on three categories of Chinese apparel imports, including cotton knit shirts and blouses and cotton trousers valued at $624.5 million.
Tuesday, May 17
- U.S. Treasury Secretary John Snow warned China that without reforms the country could be labeled a manipulator of its currency, which could lead to World Trade Organization involvement and possible economic sanctions.
- At his swearing-in ceremony, U.S. Trade Representative Robert Portman said, “I have already begun a top-to-bottom review of China trade issues, and I will work closely with Congress to see that American workers, farmers and businesses are treated fairly.”
Wednesday, May 18
- The U.S. government moved to restrict imports of four additional categories of Chinese goods, including man-made fiber trousers and combed-cotton yarn valued at $690.4 million.
Thursday, May 19
- Snow named Olin Wethington his special envoy to China. “[Currency] reform is in China’s best interest and it is in the best interest of the global economy,” Wethington said.
Friday, May 20
- China said it would restrict its own exports by hiking tariffs on 74 categories of apparel and textiles, effective June 1. Most of the goods will be charged a duty of 12 cents per item, up from 2.4 cents.
