Tension over trade between China and the European Union and United States continues to grow as China says that it will take no further steps to slow its textile exports.
China Places New Taxes on Textile Exports
China is placing new taxes on many textile exports in an effort to ease some of the country’s trade tension with the United States, which has been increasing pressure on the country.
China Says Exports Slowing, EU To Launch Investigation
China’s trade minister says that the pace of textile imports in the EU from China is starting to slow.