Head Of US Pacific Fleet Ready To Confront Beijing As China Warns Of US Carmaker Penalty For “Monopolist Behavior”
by Tyler Durden
ZeroHedge.com
Dec 14, 2016
In what some have seen as the first warning shot of retaliation against Trump’s threats of protectionism and part of China’s escalating trade war involving the auto industry, overnight China Daily reported quoting a senior state planning official that Beijing will soon slap a penalty on an “unnamed U.S. automaker for monopolistic behavior.”
Investigators found the U.S. company had instructed distributors to fix prices starting in 2014, Zhang Handong, director of the National Development and Reform Commission’s price supervision bureau, was quoted as saying. However, in the exclusive interview with the newspaper, Zhang said no one should “read anything improper” into the timing or target of the penalty, which likely suggests that there was nothing coincidental about the timing or the target of the penatly which comes at a sensitive time for China-U.S. relations after U.S. president-elect Donald Trump called into question a long-standing U.S. policy of acknowledging that Taiwan is part of “one China”.
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