US, EU square off against China trade
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Manufacturing News, Source : Industry Research Report US
Published : 31 Mar 2006 22:39
"We do not think this is something aggressive but appropriate...The issue has become ripe." So said US Trade Representative Rob Portman, when the US and European Union challenged China before the World Trade Organization, charging illegal trade barriers against imported car parts.
As the Financial Times terms it, the move is “provocatively timed”, coming less than two weeks before a round of trade talks between the US and China, and less than three weeks before President Hu Jintao visits Washington. The Wall Street Journal suggests that the timing is “aimed at demonstrating the Bush Administration’s pique.”
The complaint concerns car parts. The US and EU believe that China makes imports from US and EU impossible for Chinese automakers, by requiring that if imported parts parts total 60+ percent of the automobile’s value, that the parts be charged the tariff applied to whole vehicles, which is higher.
The WTO mechanism in such challenges allows a 60-day period to resolve the matter with China, before WTO creates a panel to issue a ruling.
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