White House challenging Chinese tariffs on U.S. autos
TALK RADIO NEWS SERVICE
The Obama administration announced Thursday that it has filed a dispute against China with the World Trade Organization. The complaint seeks the WTO’s help in forcing China to rescind $3 billion worth of duties on American-made cars and SUVs.
“The Obama administration will continue to fight to ensure that China does not misuse its trade laws and violate its international trade commitments to block exports of American-made products,” said U.S. Trade Representative Ron Kirk. “American auto workers and manufacturers deserve a level playing field and we are taking every step necessary to stand up for them.”
President Obama is expected to mention the dispute at some point during his campaign visits to Ohio and Pennsylvania today and tomorrow.
A White House spokesman dismissed suggestions that the complaint was politically motivated, designed to boost Obama’s standing with voters just a few months before the election.
“This is an action that has been in development for quite a long time,” said White House Press Secretary Jay Carney. “It can’t suddenly be a political action because [it] happens during the campaign.”
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Posted by Gary
on Jul 5 2012. Filed under Breaking News, Economy/Business/Labor, Top stories, World.
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