9/14/2009

China's Ministry of Commerce is investigating whether U.S. exports of chicken meat and automotive products constitute as "unfair competition" under international anti-dumping and anti-subsidy trade rules. The action comes days after U.S. President Barack Obama decided to impose tariffs on all passenger car and light-truck tires imported from China. The Chinese government said its action is "not revenge." "This spat about tires and chickens could turn ugly very quickly," said Eswar Prasad, a former chief of China at the International Monetary Fund.

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