Administration brings trade case against China on subsidies
WASHINGTON (AP) -- The Bush administration, under pressure from a Democratic-controlled Congress to do something about America's soaring trade deficit, filed a trade case Friday against China in a
Friday, February 2nd 2007, 11:02 am
By: News On 6
WASHINGTON (AP) -- The Bush administration, under pressure from a Democratic-controlled Congress to do something about America's soaring trade deficit, filed a trade case Friday against China in a dispute involving government subsidies.
The complaint filed with the World Trade Organization in Geneva alleges that China is using government support and tax policies to bolster Chinese firms in competition against U.S. and other foreign firms.
"We are seeking to level the playing field to allow U.S. manufacturers to compete fairly with Chinese firms," U.S. Trade Representative Susan Schwab said in announcing the case.
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