Sunday, March 18, 2012

Lawmakers urge action on China auto parts

Washington: A group of 188 US lawmakers on Friday urged President Barack Obama to crack down on "predatory" Chinese pricing practices, which they said are threatening the US auto parts industry.

"We can not wait until further damage is done," the group said in a letter to Obama.

"Seventy-five per cent of the jobs in the automotive sector are in auto parts, and these jobs are at risk in every state in the nation."

The lawmakers included many from the auto manufacturing states of the upper Midwest, which will likely be important in Obama's bid for re-election in November.

They said China uses a "vast array of policies" to give its auto parts producers an unfair trade advantage.

Those include Chinese limits on imports of foreign auto parts and subsidies that drive down prices of auto parts that are made in China, the lawmakers said.

The lawmakers urged Obama to protect the US auto parts sector, but did not outline a course of action.


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