China Socked With Coated Paper Tariffs

The AP reported that U.S. coated paper imports from China were roughly $224 million in 2006, compared to only $29 million in 2004.

The tariffs take place on a preliminary basis and will become final after the Commerce Department’s review is completed in June, acording to the AP.

This decision ends a 23-year-old U.S. policy of not applying duties to subsidized goods from economies such as China that are seen as nonmarket. The action signifies that the Commerce Department no longer views China in such a light.