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Monday, 25 March 2013

Trade Conflict between america and China

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.

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