Friday, March 16th, 188 U.S. lawmakers urged President Barack Obama to stop Chinese pricing practices, which are threatening the U.S. auto parts industry.
“We can not wait until further damage is done,” the group said in a letter to Obama. “Seventy-five percent of the jobs in the automotive sector are in auto parts, and these jobs are at risk in every state in the nation.”
They say China uses different policies to give its auto parts producers an unfair trade advantage, limiting the imports of foreign auto parts and subsidies that drive down the prices auto parts that are made in China.
“These tactics are working. Chinese auto parts exports are rapidly growing and have increased almost 900 percent since 2000,” the lawmakers said.
Recently Obama issued the decision to establish an interagency task force to boost U.S. enforcement of trade agreements, that is why the lawmakers urge the President to “to use all existing authorities” to protect the U.S. auto parts sector. The only possible solutions seem to be bringing a case at the World Trade Organization or initiating an action under U.S. trade remedy laws that would lead to duties or other restrictions on imports from China.