President Obama about to hit China again over their mercantilist trade policies.
http://news.yahoo.com/blogs/ticket/obama-hit-china-trade-case-over-cars-parts-035854382--election.html
Obama to hit China with trade case over cars, parts
President Barack Obama launches a campaign swing through the pivotal battleground of Ohio on Monday — armed with a new trade enforcement case against China over allegedly improper subsidies to its auto and auto-parts sectors.
Mitt Romney has recently escalated his attacks on the incumbent as not doing enough to protect America's battered manufacturing sector from unfair competition from Beijing. The message has special resonance in states like Ohio, where the auto-parts sector accounts for a sizeable chunk of the economy. (The White House says the industry directly employs 54,200 Ohioans and supports some 850,000 total jobs).
Obama decided to go after China at the World Trade Organization (WTO) because its subsidies are giving its auto parts a leg up -- even in the U.S. market -- over their American counterparts, the administration says.
The Obama Administration is also escalating another trade enforcement action, begun in July, against what it says are unfair anti-dumping and countervailing duties on some $3.3 billion in U.S. automobile exports to China...
