US launches trade case against China over aluminum subsidies [View all]
Source: The Hill
The Obama administration on Thursday launched a complaint against China over subsidies provided to aluminum producers it says has created excess supply and hurt U.S. workers.
The United States filed the case at the World Trade Organization (WTO) arguing that artificially cheap bank loans and low-priced inputs for Chinese aluminum contribute to excess capacity that undercuts American workers and businesses.
“Today’s action follows significant engagement by this administration on excess capacity and demonstrates our commitment to hold China to its trade obligations,” said U.S. Trade Representative Michael Froman.
"Our record of tough enforcement with China speaks for itself: When China cheats, we’ve been right there, securing recourse for our workers, farmers, ranchers and businesses,” Froman said.
Read more: http://thehill.com/policy/finance/313989-us-launches-trade-case-agains-china-over-aluminum-subsidies
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