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If this trend continues, protectionism is not far behind. The US has repeatedly accused China of unfair trade practices, artificial currency manipulation being the most oft-repeated.
Last week, the European Commission imposed its first ever antisubsidy tariffs against imports from China accusing China of unfair trade practices. It accused the country of "significantly subsidizing its coated fine-paper industry by giving cheap loans, allocating land below market value and granting various tax incentives", and imposed duties of up to 12 percent on imports of high-quality paper used for magazines and brochures.
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