After the WTO case was final decided against China’s unfair export resource
practices rocked the world of international trade on the eve of the
Spring Festival holiday, it seems that there is no letting up of tension
between the US and China. February has already seen the announcement of
the establishment of the US Trade Enforcement Unit, a new
Obama-administration backed task force that will be charged with
investigating unfair trade practices in contrivance of WTO policies,
especially charges of currency manipulation. While the new agency is
ostensibly focused upon all countries violating established
international trade laws, it already seems clear that the main target of
the new body is China. To escalate matters even further, American
lawmakers and union groups have begun pressuring the administration to
block the import of China-made auto parts, which they purport are
benefiting from Chinese government manufacturing subsidies- and are
hurting American manufacturers.
Get a custom paper written on this topic by our professional writers
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment