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New Reports Add Urgency to Call for President Obama to Stop China’s Cheating

February 2, 2012 Comments off

New Reports Add Urgency to Call for President Obama to Stop China’s Cheating
Source: Alliance for American Manufacturing

More than 400,000 jobs in the U.S. auto supply chain have been lost since 2000 and another 1.6 million U.S. jobs are at risk unless China’s illegal trading practices are curtailed, according to three separate reports released today.

“Taken together, these three reports show beyond a shadow of a doubt that China’s blatant use of illegal government subsidies and a web of predatory trade practices on a massive scale are undercutting companies in the U.S. auto supply chain,” said Scott Paul, Executive Director of the Alliance for American Manufacturing (AAM), a non-profit, non-partisan partnership of leading manufacturers and the United Steelworkers.

“It’s essential that federal action be taken to challenge these abuses before they completely undermine the job recovery underway in the U.S. auto industry,” Paul said.

As a result of this web of subsidies and illegal practices, China’s exports of auto parts have surged over the past decade. A large portion of these exports are bound for the U.S. market. China is the fastest-growing source of U.S. auto parts imports. In fact, since 2001, an AAM investigation has found that $62 billion worth of Chinese auto parts have been imported into the U.S., causing the auto parts trade deficit between the U.S. and China to increase by more than 850%.

+ Growing Threats to the U.S. Auto-Parts Industry from Heavily Subsidized Chinese Tires and Parts (Economic Policy Institute)
+ Putting the Pedal to the Metal: Subsidies to China’s Auto-Parts Industry from 2001 to 2011 (Economic Policy Institute)
+ China’s Support Program for Automobiles and Auto Parts Under the 12th Five Year Plan (PDF; Law Offices of Stewart and Stewart)

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