During annual trade talks, the United States and China made some progress, but did not exactly resolve the textile export conflict that has been going on between the two countries.
Chinese Textile Rebellion Begins To Heat Up
China announced they would remove the self imposed export tariffs on their textile industries claiming their products couldn’t be put under a second layer of pressures after the U.S. and the E.U. announced plans for protective trade actions against the textile industry of the most heavily populated nation on the planet.
Pressure Continues To Build on China’s Textile Export Industry
The pressure continues to build up on China as the European Union (EU) executive commission is now requesting formal talks with the country about its textile industry.
China Not Taking Further Steps To Slow Textile Exports
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.
EU and China To Have Formal Talks Regarding Textile Industry
The growing tension over trade between China and the European Union may be boosted soon, as the EU wants to have formal talks with China about 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.