Sun, Apr 01, 2007 - Page 11 News List

US imposes sanctions on Chinese paper products

POLICY SHIFT US firms are now able to seek penalty tariffs against their Chinese competitors in reaction to improper state subsidies such as favorable loans

AP AND BLOOMBERG , WASHINGTON AND BEIJING

In a joint statement, House Ways and Means Committee Chairman Charles Rangel and Representative Sander Levin, both Democrats, called the sanctions a "long-overdue change in policy." They said they intended to push forward with legislation that would explicitly change US law to make sure the Commerce actions will withstand any court challenges.

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