The United States accuses China of flouting trade rules and undervaluing its currency to helps its exporters. That hurts American manufacturers and costs U.S. jobs.
One response might be imposing tariffs on Chinese goods, but that could set off a trade war and drive up prices paid by American consumers.
Currently, the U.S. is seeking international rulings against Chinese subsidies for its auto and auto-parts exports and against Chinese duties on U.S. autos.
Many U.S. companies outsource production to China. One study estimated that between 2001 and 2010, 2.8 million U.S. jobs were lost or displaced to China.
Yet cheap Chinese goods have benefited American shoppers and help restrain inflation.
- 11 best—and worst—state tax systems
- Scotland votes to remain part of United Kingdom
- Review: Larger iPhones eliminate reason to...
- Iranian youth behind 'Happy' video sentenced
- How much America wants to be taxed
- 'Gotham' actor's Penguin inspired by DC Comics
- Chiefs' Reid dedicated to domestic abuse victims
- Fence-jumper made it through front door of...
- US wealth gap putting the squeeze on... 27
- Striking or spanking a child is not a... 19
- President Obama: Ebola outbreak a... 15
- Chicago, NY, Hawaii on Obama library's... 12
- School police stock up on free military... 11
- Yellen says US families need to boost... 10
- US won't rule out working with Iran... 7
- Gamers use police hoax to lash out at... 6