Safeguard case is adverse to both China and U.S

11/12/2011 12:00 - 385 Views

President Obama said he had faith that China and U.S would avoid trade war regarding dispute in tyre imported from China. Other countries may follow suits of U.S government carrying out safeguard measures on China imported tyre. Industry insiders believed that the fiction would do the same harm to both countries’ tyre industry and employment.

Trade sanction is double-edged sword, which is harmful to China as well as U.S. after all, U.S is an important market for China export and China is the country which holds most U.S government loan.

In fact, since the entry of WTO, trade sanctions against China are commonly seen. U.S, EU and other regional trade power all resort to trade sanction against China from time to time.

Of course, lack of mature trade early warning mechanism is one of the reasons leading to those fictions. Government should shoulder the responsibility of supervising foreign trade order. Any importer didn’t jump to the conclusion of carrying out trade sanction against Chinese products; there existed a series of complicated procedures. It lasted nearly half year from preliminary proposal to president Obama signing, during this process, we can take more positive remedy measures.

Source: Great Export Import