mobile.bloomberg.com/news/2012-07-05/obama-says-u-s-to-complain-at-wto-over-china-car-duties?category=%2Fpolitics%2F
President Barack Obama expanded U.S. trade complaints against China, accusing the nation of imposing unfair taxes on American vehicles, mostly from General Motors Co. (GM) and Chrysler Group LLC.
Duties on more than $3 billion in exports cover more than 80 percent of U.S. auto shipments, including Jeep’s Wrangler and Grand Cherokee, both made by Chrysler, and GM’s Buick Enclave and Cadillac CTS, according to a White House statement on a complaint it filed yesterday at the World Trade Organization.
“Americans aren’t afraid to compete; we believe in competition,” President Barack Obama said in Maumee, Ohio, near a Jeep factory at the start of a two-day campaign bus tour yesterday. “As long as we’re competing on a fair playing field, instead of an unfair playing field, we’ll do just fine.”
The U.S. complaint adds to an expanding list of grievances between the nations. Disputes over issues such as rare-earth minerals, solar panels and wind turbines by China and the U.S. in recent months have led some analysts to speculate the nations are headed for a trade war. The U.S. has complained about lack of access in China for products including poultry, tires and music.
President Barack Obama expanded U.S. trade complaints against China, accusing the nation of imposing unfair taxes on American vehicles, mostly from General Motors Co. (GM) and Chrysler Group LLC.
Duties on more than $3 billion in exports cover more than 80 percent of U.S. auto shipments, including Jeep’s Wrangler and Grand Cherokee, both made by Chrysler, and GM’s Buick Enclave and Cadillac CTS, according to a White House statement on a complaint it filed yesterday at the World Trade Organization.
“Americans aren’t afraid to compete; we believe in competition,” President Barack Obama said in Maumee, Ohio, near a Jeep factory at the start of a two-day campaign bus tour yesterday. “As long as we’re competing on a fair playing field, instead of an unfair playing field, we’ll do just fine.”
The U.S. complaint adds to an expanding list of grievances between the nations. Disputes over issues such as rare-earth minerals, solar panels and wind turbines by China and the U.S. in recent months have led some analysts to speculate the nations are headed for a trade war. The U.S. has complained about lack of access in China for products including poultry, tires and music.
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