Monday, July 9, 2012
U.S. files complaint with WTO against China’s auto tariffs
The United States government filed a complaint with the World Trade Organization against China last week over tariffs on American auto exports that can reportedly exceed 20 percent in some cases.
The bulk of autos sold in China by the Big Three U.S. automakers are built there, while luxury and larger vehicles destined for the Chinese marketplace tend to be built in the U.S.
The U.S. exported approximately 92,000 of those types of vehicles to China last year, at a value of about $3 billion, according to the Office of the U.S. Trade Representative.
The latest U.S. trade complaint was the seventh the Obama administration has made against China.
An unnamed official in the Obama Administration reportedly said China’s high auto import tariffs are a retaliation the to U.S.-imposed taxes on Chinese tires from 2009 that the WTO upheld.
For the full Washington Post story: www.washingtonpost.com
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