Obama takes claims of China subsidies to WTO
Sep 17, 2012 | 04:17 PM
| Catherine Ngai
Tags
Obama,
auto,
WTO,
subsidies,
anti-dumping,
U.S. Trade Representative,
Ron Kirk,
catherine ngai
NEW YORK — The United States has accused China of providing unfair subsidies to exporters of autos and auto parts.
In a filing Monday at the World Trade Organization (WTO), the Obama administration claimed that China provided at least $1 billion in subsidies to Chinese auto and auto parts exporters from 2009 to 2011, creating unfair competition for U.S. producers.
"Export subsidies are prohibited under WTO rules because they are unfair and severely distort international trade," U.S. Trade Representative Ron Kirk said in a statement. "China benefits from international trade rules and must in turn live up to its international obligations."....
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