I posted earlier this month on the US planned action regarding Chinese textile ‘dumping’. Apparently the Europeans are also feeling the pressure from Chinese competition.
European Union authorities faced mounting pressure Monday to impose emergency measures to protect textile manufacturers against low-priced imports, a move that could cast a shadow over Europe’s ambitions for harmonious trade relations with China over the long term.
Free trade is hard to measure when you’re talking about a Communist country. When the currency isn’t freely convertible, laborers don’t have the freedom to choose their jobs and consumers largely don’t have the money to buy foreign goods, trade is more than a little ‘unfree’.
Even so if this is the start of a trade war between China and the US, that is alarming.