Kitchen sink joins list of US-China trade disputes
Published by Julia Volkovah under FINANCIAL EVENTS on 1:48 AM
WASHINGTON — US trade authorities on Thursday announced an investigation into yet another Chinese export product, this time the veritable kitchen sink.
The US Commerce Department said it is examining whether China is selling steel sinks below fair value and if Chinese sink manufacturers are getting unfair subsidies.
Trade disputes between China and the United States are legion. The two economic powers have already sparred over the import and export of solar panels to tires to chickens.
Now that list includes "imports of drawn stainless steel sinks" -- or kitchen sinks.
The business -- while a fraction of the US-China's half a trillion dollar a year trade -- is not something to let slip down the drain. Read More
The US Commerce Department said it is examining whether China is selling steel sinks below fair value and if Chinese sink manufacturers are getting unfair subsidies.
Trade disputes between China and the United States are legion. The two economic powers have already sparred over the import and export of solar panels to tires to chickens.
Now that list includes "imports of drawn stainless steel sinks" -- or kitchen sinks.
The business -- while a fraction of the US-China's half a trillion dollar a year trade -- is not something to let slip down the drain. Read More