US President Barack Obama will launch a trade enforcement case against China for providing illegal subsidies to vehicle makers and parts manufacturers.
The complaint, which will be presented to the World Trade Organisation, comes ahead of an important trip by Obama to the manufacturing state of Ohio, a major swing state that both he and presidential nominee Mitt Romney will be fighting hard for before the elections on November 6.
Here are some key facts and figures:
12 – Number of automotive and parts manufacturing export bases China is accused of providing illegal subsidies to
US$1b – Amount of illegal subsidies China is accused of having provided to the auto industry between 2009- 2011
US$3.3b – Amount of duties, US claims China has imposed on US auto exports
80pc – US auto exports to China covered by these trade duties
54,200 – Number of people directly employed by Ohio’s auto parts industry
12.4pc – Auto-parts sector plus related industries (i.e. steel, aluminum, plastics and electronics) as a percentage of Ohio’s total employment
US $295b – Size of US trade deficit with China in 2011
770,000 – Number of people who work in the auto industry in the US, half of this whom work in the auto parts sector
25pc – Duty China imposes on all foreign-made cars, regardless of country
Source: Reuters, AFP