China, US square off over textiles


  • Business
  • Thursday, 20 Nov 2003

BEIJING: China struck back at the United States over a cap on some textile imports yesterday, saying the move went against the spirit of free trade and hinting at possible retaliation. 

The world’s fifth biggest trading nation also called off a shopping mission for American soybeans, citing visa problems but raising fears that the decision was linked to the US quotas on imports of knit fabrics, bras and robes from China. 

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