US To File WTO Complaint Against China Over Car Duties

 @MikeObelm.obel@ibtimes.com
on July 05 2012 7:14 AM

The United States will file an unfair trade complaint with the World Trade Organization against China for its duties on U.S.-made car imports.

The Obama administration accuses Beijing of placing $3.3 billion worth of U.S.-made auto import in December, an action the Chinese took in response to the U.S. government's 2009 rescue of General Motors Co. and Chrysler Group LLC, which enabled the companies to avoid bankruptcy court, the Block News Alliance reported Thursday.

The Chinese duties cover about 92,000 vehicles, or more than 80 percent of U.S. auto exports to China, and increase the price of the vehicles in China by as much as 21.8 percent.

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