US Taking China to Court Over Unfair Trade Practices

The United States said today it had launched a new trade case against Chinese auto and auto-part export subsidies that threaten jobs in Ohio and other states key to the outcome of this year's presidential election.

"Export subsidies are prohibited under WTO rules because they are unfair and severely distort international trade," U.S. Trade Representative Ron Kirk said in a statement. "China expressly agreed to eliminate all export subsidies when it joined the WTO in 2001."

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HughJass - 9/19/2012 8:09:03 PM

+1 Boost

Good luck with that.
Let me tell you how its gonna go down.

China will promise to look into it.
Corporate America will get richer.
Americans will continue to get dumber.
now repeat.