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The U.S. Steelworkers union formally requests a U.S. trade investigation into China's policies...

The U.S. Steelworkers union formally requests a U.S. trade investigation into China's policies to support its green tech sector, in a case that could end up before the WTO. The petition accuses China's government of providing hundreds of billions of dollars in subsidies and other means of support to provide an unfair advantage to local firms.
Comments (4)
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    I'm sure the Obama administration will ignore any formal requests from a "union"....yeah, right.
    9 Sep 2010, 03:22 PM Reply Like
  • mra1385
    , contributor
    Comments (24) | Send Message
     
    Such a witty and insightful comment.
    9 Sep 2010, 03:26 PM Reply Like
  • lafano
    , contributor
    Comments (221) | Send Message
     
    China is shaking now...what's going to force them to play by our rules???
    9 Sep 2010, 03:33 PM Reply Like
  • Duude
    , contributor
    Comments (3376) | Send Message
     
    I don't doubt China subsidizes a lot of industry. Its certainly not new nor are they the only one. China does it, we do it, Europe does it and Japan does it. But its the lack of transparency in the Chinese system that's so unsettling. I doubt the steel union has any hard data to support their call for an investigation. China will beat US steelworkers with lower wages any way you look at it. Trade tariffs will eventually lead to a trade war. We need wisdom in picking which fights to pursue. Germany has had some success with their approach of lower taxation of income derived from exports. Unfortunately, the US learning curve is flat as a glass of beer sitting for a month.
    9 Sep 2010, 04:49 PM Reply Like
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