China Set to Impose New Tariffs on Nylon (US export)

[WriteDown]

Source: WSJ

BEIJING – China's Ministry of Commerce has made a preliminary ruling to impose tariffs of as much as 36% on certain nylon imports from the U.S., saying the imports have damaged the domestic industry.

Tariffs will also be imposed on such imports from the European Union, Russia and Taiwan, but at lower rates.

The tariffs will affect firms including BASF Corp., the U.S. affiliate of German chemical giant BASF SE, and Honeywell International Inc.'s Honeywell Resins & Chemical LLC, it said.

The move is the latest in a series of Sino-U.S. trade disputes after the Obama administration said in September that it would impose duties of between 25% and 35% on imports of tires from China for the next three years. China followed that decision with probes of potential antidumping measures on U.S. auto parts and chicken.

The preliminary nylon ruling comes a week before senior leaders of China and the U.S. meet at the Joint Commission of Commerce and Trade in Hangzhou, China.

The ruling affects imports of Nylon 6, or polycaprolactam, which is used to manufacture a variety of products, ranging from toothbrushes to gun frames to chiffon. Starting Tuesday, China will require importers to pay deposits on Nylon 6 imports from foreign companies judged to be selling the material in China for less than a fair price....


Read more: http://online.wsj.com/article/SB125602435738496081.html?mod=WSJ_hpp_MIDDLTopStories

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The benefits of a trade surplus.

[Ian David]

1. I didn't realize we had anything left to export. n/t

[WriteDown]

3. We actually still manufacture quite a bit.

We're the 4th largest exporter if you count the EU as one solid entity. Sadly, we still have a huge trade deficit.

http://en.wikipedia.org/wiki/List_of_countries_by_exports

[ramapo]

2. China protects its manufacturers

We are the fools. China is very much a closed market relative to the US. The tire dispute is just a nit yet the "free traders" cite it as an example of how we're just screwing ourselves with this new protectionism. What a load.

The reality is that it is very difficult for anybody to do business in China. The Chinese make foreign companies jump through hoops. They are intelligent enough to realize it is beneficial to protect their workers. That is a lesson that could be learned here although I think there is little chance of that happening.

[WriteDown]

4. You can do that...

if you have a trade surplus. It is very difficult to do with a trade deficit. The inflating dollar may help that though.

[amandabeech]

9. They're not protecting their workers.

They're protecting their industries and the continued Communist party political dominance.

If they thought much of their workers, they'd have a Fair Labor Standards Act, a National Labor Relations Act and an OSHA.

They'd also have some environmental laws and regulations that they'd enforce so that the workers wouldn't get sick just drinking from the local uber-polluted stream.

[liberal N proud]

5. But we keep allowing their cheap shit to arrive at our ports undeterred

[WriteDown]

6. They have the advantage....

We have a giant trade deficit. In a trade war, they win hands down.

[tomm2thumbs]

7. cool, it'll be cheaper to make the goods in the US then - starting to come around now

keep it up China

[IthinkThereforeIAM]

8. But will this be enough...

... to get American women to return to wearing nylons and pantyhose under their dresses? Damn you "Sex in the City".