Wednesday, September 29, 2010

WTO says US ban on Chinese poultry is illegal

Lots of posturing and grandstanding as the election approach in the US. This is a dangerous game that could easily escalate beyond simple disputes and a war of words.

The ruling came as the U.S. House of Representatives prepared a vote condemning Chinese currency manipulation and threatening possible trade penalties. But its negative outcome for Washington could bolster Beijing's claims that U.S. lawmakers are bending to protectionist pressure amid high unemployment.

Source: finance.yahoo.com

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