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U.S. files trade complaint targeting China’s aluminum industryU.S. files trade complaint targeting China’s aluminum industry
Washington, DC,
January 12, 2017
The Obama administration filed a trade complaint with the World Trade Organization on Thursday against China for allegedly "dumping" aluminum on the global market at artificially low prices. U.S. Trade Representative Michael Froman said China is using artificially cheap loans and illegal subsidies to undercut the global price of aluminum. That makes it harder for the U.S. aluminum industry to sell its products overseas at competitive prices. "China gives its aluminum industry an unfair advantage through underpriced loans and other illegal government subsidies," President Barack Obama said in a statement. "These kinds of policies have disadvantaged American manufacturers and contributed to the global glut in aluminum, steel and other sectors." |