Bush ready to review China trade spat

The United States is reviewing trade with China as a result of market disruptions caused by Chinese textiles but has not yet decided to revo...

The United States is reviewing trade with China as a result of market disruptions caused by Chinese textiles but has not yet decided to revoke its own steel tariffs, US President George W. Bush said on Thursday.

‘‘There are market disruptions involved with certain Chinese textiles. We are addressing those disruptions and we look forward to visiting our Chinese counterparts on this particular matter,’’ Bush told a joint news conference in London with Britain’s Prime Minister Tony Blair.

Bush also said he would make a ‘‘timely’’ decision on the dispute over the US steel tariffs, which have been declared illegal by the World Trade Organisation (WTO), and admitted Blair had pressed him over the trade row.

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‘‘In terms of the steel issue, it’s an issue the Prime Minister has brought up not once, not twice but three times. It’s been on his mind, it is also on my mind,’’ Bush said.

‘‘I am reviewing the findings about the restructuring of our steel industry,’’ he said. ‘‘I am looking at the findings right now and will make a timely decision.’’

Blair said he had made Britain’s stance known to the President but that steel was only a small part of ‘vast’ trade between Europe and America. ‘‘That’s not to say we don’t have to resolve these issues and I hope we can resolve them soon,’’ Blair said.

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