China, U.S. Settle a Dispute

Summary


WASHINGTON -- The Bush administration said Thursday it had settled a major trade dispute with an agreement in which the Chinese government has pledged to end several trade-distorting tax subsidies.

The deal represents a breakthrough in tense economic relations between the countries by resolving one of four cases the United States has brought before the World Trade Organization attacking Chinese trade practices.

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Extract


China, U.S. Settle a Dispute

U.S. Trade Representative Susan Schwab said China had agreed to eliminate WTO-illegal tax breaks ...

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