Friday, June 12, 2009

EU, U.S. to File Suit Against China - WSJ.com

EU, U.S. to File Suit Against China - WSJ.com: "BRUSSELS -- The European Union and the U.S. will jointly file suit against China at the World Trade Organization this month in a bid to stop the Asian giant from hoarding key minerals and to set a precedent for other big producers of raw materials, people familiar with the issue said Thursday.

For more than two years, China has been using tariffs on exports to keep important industrial ingredients like zinc, tin and silicon for use at home. At the same time, Beijing has aggressively bought up large quantities of minerals from resource-rich African countries."

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