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Obama: China Unfairly Subsidizes Auto Industry
Sep 18th 2012, 04:25

Related topics GovernmentPresident Barack Obama Advertisement President Barack Obama made a campaign stop in nearby Cincinnati on Monday. While there, he announced his intention to file a complaint with the World Trade Organization against China alleging that the Communist nation "unfairly subsidizes its auto industry." Specifically, the president said, "Today, my administration is launching new action against China — this one against illegal subsidies that encourage companies to ship auto parts manufacturing jobs overseas." The complaint will purportedly allege that China provided roughly $1 billion of "export-contingent subsidies" form 2009 to 2011—an apparent violation of WTO rules. The...

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