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AUTO PARTS POLICIES * USA / CHINA
* DC - Reports: 1.6M auto parts jobs at risk because of Chinese trade practices
(Photo by David Coates / The Detroit News - Scott Shertzer works at Chrysler’s Jeep assembly plant in Toledo, Ohio, where the Jeep Liberty and the Dodge Nitro are produced)
Washington,DC,USA -The Detroit News, by David Shepardson -1 Feb 2012: -- More than 400,000 jobs in the U.S. auto supply chain have been lost since 2000, and another 1.6 million U.S. jobs are at risk unless China's illegal trading practices are curtailed, according to three reports released Tuesday... Michigan lost 250,000 jobs in the auto parts sector during the last decade... The UAW is working to convince U.S. companies to bring jobs back home... Many auto suppliers — like Delphi Corp. and Visteon Corp. — have shifted most of their factory work outside the U.S. to countries with lower labor costs... In December, China imposed tariffs of nearly 22 percent on U.S.-made SUVs and larger vehicles, after the U.S. imposed similar tariffs on Chinese-made tires and other products... China is the fastest-growing source of U.S. auto parts imports... The Chinese government argued that the top court of the World Trade Organization last year "conclusively established that the United States acts unlawfully in the methods by which it calculates and imposes countervailing duties on imports from China" ... The other institute report found that China has given $27.5 billion in government subsidies to its auto-parts industry and China's central government has committed to giving another $10.9 billion in subsidies for industrial restructuring and technological development...Labels: governmental subsidies
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