China Provides Illegal Automotive Subsidies, US Charges in WTO ...

Trade battle heats up as China counters with anti-dumping complaint.

U.S.-China trade tensions heated up Monday as the U.S. lodged a complaint over Beijing's automotive subsidies with the WTO and China countered with a filing over U.S. duties on Chinese products.

Washington accused China of providing at least $1 billion in illegal subsidies to Chinese auto and auto parts exporters over 2009-2011, helping them beat U.S. manufacturers in the huge U.S. market.

The U.S. Trade Representative said China's "export base" program, in which Beijing targets support for automotive manufacturers in designated regions to develop them as export centers, violated World Trade Organization rules.

The program has helped China increase auto and auto parts exports from $7.4 billion a year to $69.1 billion in the decade to 2011, the USTR said.

Washington asked the World Trade Organization to launch "consultations." the first step of the WTO process for resolving trade disputes.

China answered with its own new WTO complaint, saying Washington had unfairly applied anti-dumping and countervailing duties to two dozen Chinese products.

The cases were just the latest in the WTO complaints submitted by the world's two largest economies against each other.

Washington has now 10 cases against China at the Geneva-based WTO, most of them lodged in the past two years, part of an effort by President Barack Obama's administration to use trade rules to beat down Beijing's huge bilateral trade surplus with the U.S.

Source: http://industryweek.com/trade/china-provides-illegal-automotive-subsidies-us-charges-wto-complaint

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