Peoples Republic Of China Are Not Our Friends

The EU Gets A Taste Of Their Own Medicine

Chinese Textile Firms Take EU Ruling To The WTO

Remember when the US tried to prevent EU steel makers from dumping their excess steel in the US, to prevent destruction of the US steel industry?

Remember how the WTO made the US remove the steel embargo, claiming it violated free trade?

Did you know the US Steel industry is getting decimated by cheap EU steel?

Now the Euro's get a taste of their own medicine. China is dumping its excess textile capacity on Europe, and Europe is trying to prevent it. China has taken the EU before the WTO to set aside the EU action.

My favorite quote: "Cao said the Chinese textile firms want to get fairer treatment from foreign governments by taking the case to the WTO."

Not surprisingly, as teh WTO is pretty much dominated by Europeans, past anti-dumping rulings have been held in their favor. Note, the US anti dumping rulings have held the US is guilty of illegal trade practices.

posted by cookies @ 6:21 PM 0 comments

End The Arms Embargo??

China claims the international arms embargo is political discrimination. France and Germany Agree...and I suppose if you ignore the facts, namely, China is flush with cash from exports while France and Germany have been in an economic recession for years, I'm just being a stick in the mud.

Sure...let's let FR and DE lift the ban.

China said they wouldn't buy inordinate amounts of arms. Just ignore the recent billions spent on Russian fighters, ships and submarines.

Don't worry, the Europeans assure us they'll monitor China's arms purchases, via non-binding code of conduct. Hey! Just like they did with Sadam Hussein during the embargo of Iraq, and the Oil for Food program!

posted by cookies @ 6:40 AM 0 comments