Deceptive Trade With China In Kings
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China currently prohibits the importation of remanufactured products, which it typically classifies as used goods. China also maintains a general import prohibition that prevents remanufacturing process inputs (cores) from being imported into China's customs territory other than to its special economic zones.
The U.S. trade with China is part of a complex economic relationship. In 1979, the U.S. and China reestablished diplomatic relations and signed a bilateral trade agreement. This gave a start to a rapid growth of trade between the two nations: from $4 billion (exports and imports) that year to over $750 billion in 2022.
In May, President Biden elected to maintain, and in certain cases escalate, tariffs placed on Chinese exports by former President Trump. This move is emblematic of a global turn toward protectionism and trade restrictions in the last decade.
China is a major economic partner of the U.S. but engages in unfair trade practices. These practices include trade in illicit goods, use of forced labor, and theft of sensitive technologies—which can all harm the U.S. economy. As China's economic power grows, federal agencies can act to better protect the economy.
The U.S.-China trade relationship raises many issues—concerns about the deficit, the impact of China's subsidized exports on U.S. industry and jobs, and risks to economic and national security.
Misrepresentation Representing that goods or services are of a particular quality, style or model if that representation is untrue. Making false or misleading statements about the condition of used goods. Representing goods as new when they are used, deteriorated, altered or reconditioned.
British and American policies toward China had long operated under similar principles, but once Hay put them into writing, the “Open Door” became the official U.S. policy towards the Far East in the first half of the 20th century.
"Unfair competition" in this Law refers to acts of operator which contravene the provisions of this Law, damage the lawful rights and interests of other operator, and disturb the socio-economic order.
