Skip to comments.Obama complaint against China raises threat of trade war
Posted on 09/17/2012 11:14:20 PM PDT by bruinbirdman
President Barack Obama has accused China of illegally subsidising its car industry, raising the spectre of a trade war as the battle for The White House enters the final straight.
The administration alleges Beijing provided $1bn (£610m) of subsidies between 2009 and 2011 by increasing tariffs on US exports of car-parts, according to a complaint filed at the World Trade Organisation (WTO).
Within hours China had hit back, using its own complaint to the WTO to challenge plans in Washington to increase tariffs on subsidised imports from China.
We are continuing to make it clear to our trading partners that we will fight to support each jobs here at home, Ron Kirk, Americas top trade official. said on Monday .
The attack from The White House came as Mr Obama made another campaign stop in Ohio, a must-win state and one that relies on the car industry for about 12pc of its jobs.
Mr Obama has been under increasing pressure from Republican rival Mitt Romney to get tougher on China over a series of issues, including subsidies and the protection of US intellectual property rights.
It is too little, too late for American businesses and middle-class families, Mr Romney said.
Although the latest complaint to the WTO is wrapped up in the presidential race, experts said
(Excerpt) Read more at telegraph.co.uk ...
Obama to Communist Chinese Prime Minister Wen Jiabao,
"You understand, comrade, I have to say this until after the election, eh?"
Obama is George Castanza personified.
Yet the millions that receive government checks, and the retards who do absolutely no research, have no awareness, will line up to vote for Costanza over and over and over......
Nod, nod; wink, wink.
Illegal? The bailout of the United Auto Workers via GM and Chrysler makes China look Boy Scouts.
Throw in the only sales of Volts being to the government, and the Chinese would likely win in a fair court - if one could be found.