Wednesday, April 11, 2007

China-U.S. trade volley unlikely to become trade war

(Reuters) - A spokesman for China's Commerce Ministry lashed out at the two World Trade Organization cases -- on intellectual property rights and on market access for films, music and other media -- for the second day in a row, saying they would "seriously undermine" bilateral trade ties.

The official China Daily and Xinhua news agency both issued scathing editorials, saying the move was at odds with a consensus the two sides had reached on how to handle tensions. A top U.S. trade official had said on Tuesday the step signaled the relationship was maturing.


Read more at Reuters.com Business News

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