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Autos Go To WTO

The auto trade dispute [1]has been put up a gear, and the Age reports that:

China is charged with charging tariffs of 25 percent on auto parts imports (in an effort to help the domestic industry). US Trade Representative Susan Schwab is quoted as saying:

The People’s Daily notes that the auto parts market in China is worth US$19 billion a year.

It will be interesting to see where the case leads, and how far it is used as leverage over other trade issues such as RMB valuation, as well as ongoing barriers to China’s textile and shoe exports.

See news sources: