Free Republic
Browse · Search
Topics · Post Article

Skip to comments.

Obama complaint against China raises threat of trade war
The Telegraph ^ | 9/17/2012 | Richard Blackden, New York

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, America’s 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 ...

TOPICS: Business/Economy; Crime/Corruption; Government; Politics/Elections
KEYWORDS: china; obama; obamasfault; tradewar

Obama to Communist Chinese Prime Minister Wen Jiabao,
"You understand, comrade, I have to say this until after the election, eh?"

1 posted on 09/17/2012 11:14:25 PM PDT by bruinbirdman
[ Post Reply | Private Reply | View Replies]

To: bruinbirdman

Obama is George Castanza personified.

2 posted on 09/17/2012 11:44:04 PM PDT by DoughtyOne (Obama, our first Mulligan Pres__ent Resident.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DoughtyOne

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......

3 posted on 09/17/2012 11:48:35 PM PDT by onona (This space for rent....cheep)
[ Post Reply | Private Reply | To 2 | View Replies]

To: bruinbirdman

Nod, nod; wink, wink.

4 posted on 09/18/2012 12:05:12 AM PDT by Twinkie (In whose eyes a vile person is contemned. Ps. 15:4a)
[ Post Reply | Private Reply | To 1 | View Replies]

To: bruinbirdman
[President Barack Obama has accused China of illegally subsidizing its car industry. . .]

Illegal? The bailout of the United Auto Workers via GM and Chrysler makes China look Boy Scouts.

5 posted on 09/18/2012 12:25:16 AM PDT by Brad from Tennessee (A politician can't give you anything he hasn't first stolen from you.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Brad from Tennessee

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.

6 posted on 09/18/2012 1:19:22 AM PDT by Ingtar (Everyone complains about the weather, but only Liberals try to legislate it.)
[ Post Reply | Private Reply | To 5 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794 is powered by software copyright 2000-2008 John Robinson