U.S., Europe File Trade Complaint Against China |
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June 24,2009
The U.S. and the European Union filed separate complaints with the World Trade Organization on Tuesday alleging that China is unfairly benefiting domestic industries by restricting exports of certain raw materials.
The U.S. and the European Union filed separate complaints with the World Trade Organization on Tuesday alleging that China is unfairly benefiting domestic industries by restricting exports of certain raw materials.
The complaints filed with the WTO represent a departure from past allegations by the U.S. and other countries that China is flooding other countries' markets with its exports.
U.S. Trade Representative Ron Kirk called China's alleged export restraints on raw materials a "giant thumb on the scale" in favor of China's chemicals, steel and aluminum industries, among others, which use those materials.
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