U.S. Flips Policy On China's Paper Subsidies

Law360, New York (April 2, 2007, 12:00 AM EDT) -- In a decision that could end up affecting all trade between the United States and China, the U.S. Department of Commerce on Friday reversed a 23-year-old policy and said it would impose sanctions on subsidized Chinese paper imports.

The DOC said Friday that China, which had been classified for the last 23 years as a “non-market economy,” would not be subject to the U.S.’s anti-subsidy laws.

The move will apply tariffs ranging from 11% to 20% on China’s imports of coated free-sheet paper in order to...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.