tyre - a ring or band of rubber, either solid or hollow and inflated, or of metal, placed over the rim of a wheel to provide traction, resistance to wear, or other desirable properties
www.dictionary.reference.com
yuan - a copper coin of the Republic of China, equal to 100 cents; dollar
www.dictionary.reference.com
tariff - an official list or table showing the duties or customs imposed by a government on imports or exports
www.dictionary.reference.com
China's Commerce Department said that the tariffs will begin on February 13. They did an investigation on US chickens in September right after the US put tariffs on Chinese tyres. The US and China have some tension because the US plans to meet the Dalai Lama and they have a new arms deal with Taiwan. Chicken feet and wings are sold to China at a higher price because they are popular there and not wanted in the US. These feet and wings are coming from big business US poultry companies such as Tyson Foods, Pilgrim's Pride, and Sanderson Farms. This is hurting the producers in China because people aren't buying the chicken feet and wings they have. The US is also concerned with the yuan accusing Beijing of keeping it undervalued and giving Chinese exporters an unfair advantage. I think that China shouldn't buy the chicken feet and wings from the US because they are charging them a lot more money than it's really worth and China needs to wake up and relize that. China should just let their poultry producers produce the chickens and make people buy it from them, because then they won't have the option to buy it from somewhere else at a cheaper price.
http://news.bbc.co.uk/2/hi/business/8500016.stm
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment