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.
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 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.
