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Sunday, September 16, 2012

Obama to Launch Trade Case Against China


U.S. President Barack Obama will launch a trade complaint against China Monday over government subsidies for its auto industry.

Administration officials say Mr. Obama will announce the move during a campaign stop in the Midwestern state of Ohio.  The swing state has a large manufacturing base where many blame China for depressing its industry.


The Obama administration says it "is launching enforcement action against China at the World Trade Organization" because, Washington says, Beijing is illegally subsidizing exports in its autos and auto parts sectors.

The U.S. says the practice puts U.S. manufacturers at a competitive disadvantage and encourages the outsourcing of production to China.

The announcement comes as Republican presidential nominee Mitt Romney intensifies his criticism of Mr. Obama's approach to China. Both candidates have made China, in particular its trade practices, an election issue.

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