US files complaint against China over alleged aluminium subsidies

Washington, Rabi’II 14, 1438, January 12, 2017, SPA — The United States on Thursday filed a complaint
with the World Trade Organization (WTO) against China over alleged
subsidies to aluminium producers, according to dpa.
The complaint alleges that China gives its aluminium industry an unfair advantage through underpriced loans and other illegal government subsidies.
Such policies have disadvantaged US manufacturers and contributed to the global glut in aluminium, steel and other sectors, the White House said in a statement.
“We’re taking action to protect the workers – at home and around the world – who are hurt every day by these policies,” the statement said.
President-elect Donald Trump has spoken forcefully about standing up for the US when it comes to global trade, but the new administration’s plans would not be beneficial to the US, White House spokesman Josh Earnest said. “They would consider imposing high tariffs and building walls in ways that economists have said would be damaging to workers – US workers – bad for US businesses, bad for entrepreneurs and bad for the US economy,” Earnest said.
The complaint said certain Chinese producers receive the subsidies through artificially cheap loans and through artificially low prices for coal, electricity and raw materials needed in aluminium production.
These alleged actions raise concerns that China is not acting consistently with its obligations under the WTO Agreement on Subsidies and Countervailing Measures, the US trade representative said in a news release.
The announcement marks the 16th trade enforcement challenge the Obama administration has launched against China at the WTO, the US trade representative said.
There was no immediate response to an email seeking reaction from the Chinese Embassy in Washington.
–SPA
22:22 LOCAL TIME 19:22 GMT