China to face accusation of unfair trade (Obama admin. to file WTO complaint)

[kpete]

Source: Toledo Blade

China to face accusation of unfair trade

Demonstrating a tough line on trade with China, the Obama Administration will file an unfair trade complaint today against China's new duties on some American-made cars and sport utility vehicles, including the Toledo-made Jeep Wrangler.

A senior administration official told The Blade Wednesday the United States will file the case with the World Trade Organization in Geneva, accusing China of putting illegal duties on $3.3 billion worth of U.S.-made auto imports

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The enforcement action aims to force China to rescind the duties it placed disproportionately on General Motors Co. and Chrysler Group LLC imports because of the 2009 taxpayer rescue of the auto industry...China in December imposed anti-dumping and countervailing duties on certain SUVs, claiming that U.S. taxpayer support of the two automakers amounted to a government subsidy that was illegal under WTO rules. The Obama Administration disputes that claim.

The duties cover more than 80 percent of U.S. auto exports to China, or about 92,000 vehicles. They add 15 percent to the price of an imported Jeep Wrangler or Detroit-made Jeep Grand Cherokee, 21.8 percent to a Buick Enclave and Cadillac CTS produced in Lansing, and 4.1 percent to an Acura TL sedan made by Honda of America Manufacturing Co. at Marysville, Ohio.

Read more: http://www.toledoblade.com/Nation/2012/07/05/China-to-face-accusation-of-unfair-trade.html

[xtraxritical]

1. Crafty China, they know how to negotiate !

[jade3000]

2. WTO is a cruel joke anyway

It's really just a club run by the most powerful nations in the world. They disagree among each other, but they can agree to bully smaller nations.

[Franker65]

3. Agree

I totally agree, its important for China to have a tough line on these things.