The Obama administration will announce a trade complaint against China today as President Barack Obama campaigns in Ohio, alleging impermissible subsidies of auto and auto-parts exports that encourage outsourcing to China from the U.S., an administration official said.

Obama and Republican Mitt Romney have been trading accusations over China in the closing weeks of the presidential campaign. Obama is expected to defend his record on U.S. jobs and China policy during stops in Cincinnati and Columbus today.

This latest case to go before the World Trade Organization in Geneva is being announced as Obama returns to a battleground state with 54,200 residents employed by the auto-parts industry and 12.4 percent of the state's total employment related to the auto industry.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.