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2009-09-24 | permalink
China mulls blocking U.S. soybean imports in response to tire tariffs
The Ministry of Commerce is probing US dumping of cars and chicken onto the Chinese market in response to the 35 percent tariffs imposed on Chinese tires. But this mild response will not dampen the growing mood of protectionism in the Democratic Party. A better alternative would be to hit US farmers with curbs on soybean imports. This would enrage US farmers and put pressure on the Obama administration, while providing welcome relief for domestic soybean producers, who have been badly hit by massive imports of genetically modified beans from America.
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2009-09-24 | permalink
China mulls blocking U.S. soybean imports in response to tire tariffs
The Ministry of Commerce is probing US dumping of cars and chicken onto the Chinese market in response to the 35 percent tariffs imposed on Chinese tires. But this mild response will not dampen the growing mood of protectionism in the Democratic Party. A better alternative would be to hit US farmers with curbs on soybean imports. This would enrage US farmers and put pressure on the Obama administration, while providing welcome relief for domestic soybean producers, who have been badly hit by massive imports of genetically modified beans from America.
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