11. In the confrontation last year, the U.S. chose three dozen categories of Chinese imports for punitive tariffs. 12. MFN withdrawal would raise tariffs on Chinese imports and make U.S. exports to that country more expensive if China retaliates. 13. Moreover, relatively little of Chinese imports to this country displaces U.S. production. 14. Other factors impacting profit in the division include Chinese import restrictions and lower prices for olefins and aromatics, two basic petrochemicals. 15. Other factors that squeezed profit in the division include Chinese import restrictions and lower prices for olefins and aromatics, two basic petrochemicals. 16. President Clinton is expected to recommend renewing MFN status, which would grant Chinese imports the same low tariffs enjoyed by other nations trading with the United States. 17. The increase came as Chinese imports surged, giving the United States a larger trade deficit with China than with Japan for the first time. 18. The thought of competing with Chinese imports has textile makers in the Western Hemisphere scared red. 19. The U.S. trade deficit with China continued to jump higher in January amid increasing tension over Taiwan, Chinese import barriers and nuclear proliferation. 20. Ultimately, he predicted, the price of Chinese imports to the U.S. will rise dramatically. |
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