Trade with China as an important topic of the American election campaign
China has boarded the center stage of the U.S. presidential election – Barack Obama (Barack Obama) government has just filed more than two months to the second case of trade complaints against China. In these two cases the complaint, the measures announced happened with the President of the United States access to key “swing states” Ohio, at the same time.
Obama said the United States has filed a complaint against China at the World Trade Organization (WTO), accusing China to provide subsidies to its auto and auto parts exports. Obama said these subsidies harm U.S. manufacturers, forcing them to production to overseas.
The same day the complaint filed in the United States, China also WTO appeal to the United States, accused the United States on a range of goods imported from China illegal anti-dumping measures. In July this year, the same is to go to Ohio to expand the tour on the eve of the re-election, the Obama administration has taken the first step in a staged formal trade dispute with China in the WTO to challenge China to on big cars imported from the United States, tariffs.
“You can talk, can also be down-to-earth way of doing things I did, get up every day, I will do everything I can to secure a fair opportunity for American workers in the global economy,” Obama September 17 in the southwest of Cincinnati, Ohio, campaigning “for other countries in the case of non-compliance with the rules of the game, we have to take the appropriate measures.”プラダ 財布
For a long time, Obama’s opponent, Republican Mitt Romney (Mitt Romney) have been to China by the strict control of the RMB exchange rate criticism that Obama did not provide support for American workers on the ground. Romney promised his first day after taking office as President of the United States to China as a currency manipulator.
Obama and his predecessor George W. Bush (George W. Bush) refused to do so, they are more willing to side urged China to let the yuan appreciate, side to initiate contacts with Chinese leaders on economic and security issues. The past five years, the Renminbi against the U.S. dollar has accumulated 19% appreciation of the Renminbi against the U.S. dollar has risen since Obama took office in early 2009, about 8%.
Romney said: “President Obama’s credibility on this issue is long lost, I would not wait until the last few months of my presidency to challenge, and never will be critical in the election when to do so. ”
In Ohio tailored attack campaign propaganda, Romney targets Obama’s China policy. 30 years, manufacturing state has been difficult to deal with competition from Asia. Obama for their own defense, he mentioned the trade measures taken by the Chinese, also emphasized that the U.S. auto industry relief, this relief makes the U.S. government became the largest shareholder of General Motors (GM) Company .
On the other hand, General Motors and Ford Motor Company (Ford) in China over the past 10 years has achieved significant growth, this growth is the main vehicle to achieve their eyes on China’s domestic market sales. The size of the automotive market in China has surpassed the United States.
The core of the Obama administration filed a complaint that believe the WTO, China to provide subsidies to the manufacturers of some of the region known as the “export base” in violation of the signed 10 years ago, joining the WTO ban on export subsidies.
Provide advisory services to the automotive industry in China Dunne & Associates, a law firm president Mike Dunn (Mike Dunne), the Obama administration filed a complaint at this time, it seems mainly for political reasons “. However, Dunn does not deny that China’s industry to benefit from various subsidies, including Bank concessional loans, cheap energy, and is conducive to the RMB exchange rate for exporters of controlled.
“China’s industrial policy is still growth and the export target, no matter what cost to pay,” he said, “the local government and central government subsidies do not think that contrary to the rules, but as to achieve the official target by necessary investment. ”
The Obama administration, from 2009 to 2011, China provided subsidies to the auto and auto parts industry (including R & D subsidies, tax incentives and interest rate subsidies), totaled at least $ 1 billion.プラダメンズバッグ
In addition to these two disputes around the auto industry, the Obama administration of China’s rare earth exports in the WTO filed its complaint.
The challenge launched by the WTO to China, Obama has been upgraded to, Romney also published on issues related to the tough talk, let those who support the strengthening of trade liberalization have become increasingly concerned that the Sino-US trade war.
Chris • Qiao Kela (Chris Chocola) said: “The two presidential candidates should not take the trade issues with China to cater to voters, but should promote free trade, the person in charge of the conservative anti-tax organization Club for Growth” (Club for Growth) benefits. “
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