Chinese Auto Parts Could Spark Next Trade Fight
Chinese auto parts could start next commerce fight
A Chinese auto parts plant in a 2005 file picture.
A coalition of labour and commerce activists joined Democratic lawmakers from industrial states Tuesday to push the Obama administration to take action against the growing imports of auto parts from China.
The drive to limit Chinese automobile imports comes a week after President Obama announced in his State of the Union address he was creating a
commerce enforcement unit to bring cases against states, mentioning China by name.
If you liked this posting and you would like to receive extra details relating to advanced auto coupon [
www.bu5.cn] kindly pay a visit to our webpage. Criticism of China's money valuation along with other commerce practices will probably be a point of controversy between the two major trading partners at the Obama-Xi meeting, notably as the U.S. election season heats up.
People who participated in the Capitol Hill news conference had praise for the Obama administration's rescue of General Motors GM, Fortune 500 and Chrysler Group in 2009, together with its previous trade cases against China.
The Democratic lawmakers who spoke Tuesday came from Michigan, Ohio and Pennsylvania, all expected to be key battleground states in this November's general election.
Specialists who spoke Tuesday argued that when China targets an industry, it may quickly come to dominate sales.
The critics say China's improper support comes in the form of direct subsidies, together with restrictions on U.S. operations in its market. China has become the largest market for automobile sales in the whole world, and U.S. suppliers' small access gives Chinese parts makers an unfair advantage, the critics argued.
Among those joining the presentation Tuesday were the Alliance for American Manufacturing, a trade group supported by small makers as well as the United Steelworkers union, in addition to the Economic Policy Institute, a liberal think tank, as well as the United Auto Workers.
But missing from the presentation were officials from GM, Ford Motor F, Fortune 500, Chrysler or their suppliers, a number of whom have their very own plants in China and don't need to risk alienating Chinese officials by calling for tough commerce activities.
China has recently levied its own tariffs on U.S. vehicle exports to China that would substantially raise the price of any vehicles exported there. It alleges the U.S. industry is itself benefiting from unfair subsidies.
But even though GM now sells more cars in China than it does in the United States, the Chinese duties may have little impact on its sales there, since less than 0.5% of its Chinese sales are autos built in the United States.
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