A coalition formed of union leaders, Democratic lawmakers and trade advocacy groups, says that China is participating in unfair trading practices in regards to its auto parts industry. The coalition intends to pressure the United States government to take action again Beijing. It claims that China is subsidizing it is our car parts producers and restricting the exportation of raw materials to other countries that make car parts.
Bringing position to attention
The coalition held a press conference Tuesday to bring attention to their position. Many lawmakers were in attendance, including Ohio Democratic Senator Sherrod Brown, who is known for taking on populist causes.
Terrence Stewart works on unfair industry cases as an attorney. He said:
"If these policies are not stopped, by the end of the decade China could seize 50 percent or more of our auto parts market, costing hundreds of thousands of American jobs."
As reported by Scott Paul, alliance for American Manufacturing president, Chinese auto parts imports "have surged by almost 900 percent since 2001." Later he said that the White house needs "to initiate a case or multiple cases" against Beijing as "this begs for a trade action."
Trade practices costs U.S. jobs
Mexican auto parts producers are doing the same thing as Chinese imports. Both have brought on a severe detriment to U.S. jobs. In the U.S. auto parts industry, there have been 400,000 jobs lost in the past 12 years.
One big thing that has brought on a problem is the tariffs that the Chinese government has slapped on 20 percent of large automobiles which were imported from the States in December. The U.S. had already restricted Chinese imports on tires and other parts. Many believe China was just reacting to the decision the U.S. made.
Hear it from Obama
All nations that China sees as engaging in unfair industry procedures will be cracked down on in a brand new initiative from the Obama administration. In the past, Obama has been criticized for not standing up to Beijing by Republicans.
The next Asian ruler is expected to be China's Vice President Xi Jinping. He will be in the White House on February 14 for a visit.
Bringing position to attention
The coalition held a press conference Tuesday to bring attention to their position. Many lawmakers were in attendance, including Ohio Democratic Senator Sherrod Brown, who is known for taking on populist causes.
Terrence Stewart works on unfair industry cases as an attorney. He said:
"If these policies are not stopped, by the end of the decade China could seize 50 percent or more of our auto parts market, costing hundreds of thousands of American jobs."
As reported by Scott Paul, alliance for American Manufacturing president, Chinese auto parts imports "have surged by almost 900 percent since 2001." Later he said that the White house needs "to initiate a case or multiple cases" against Beijing as "this begs for a trade action."
Trade practices costs U.S. jobs
Mexican auto parts producers are doing the same thing as Chinese imports. Both have brought on a severe detriment to U.S. jobs. In the U.S. auto parts industry, there have been 400,000 jobs lost in the past 12 years.
One big thing that has brought on a problem is the tariffs that the Chinese government has slapped on 20 percent of large automobiles which were imported from the States in December. The U.S. had already restricted Chinese imports on tires and other parts. Many believe China was just reacting to the decision the U.S. made.
Hear it from Obama
All nations that China sees as engaging in unfair industry procedures will be cracked down on in a brand new initiative from the Obama administration. In the past, Obama has been criticized for not standing up to Beijing by Republicans.
The next Asian ruler is expected to be China's Vice President Xi Jinping. He will be in the White House on February 14 for a visit.
About the Author:
When have you expected details about a new or used auto and resorted to an internet search on "td bank auto loan?" Look no further, every piece of info you need is located at CarDealExpert.com!
No comments:
Post a Comment