US panel votes to curb import of China steel pipe
Reuters, Washington
A rapid increase in steel pipe imports from China threatens the financial health of American pipe producers, a US trade panel said Monday, setting the stage for President George W Bush to decide in coming months whether to restrict the imports.The US International Trade Commission voted 4-2 that imports of the pipes have increased in such volumes "as to cause or threaten to cause market disruption." The decision is a victory for pipe producers from California, Illinois, Iowa, Missouri and Pennsylvania, who are seeking import protection under a special "safeguard" provision of China's entry into World Trade Organisation in 2001.
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