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.
- Court: Mormon church, members not liable in...
- Actor Paul Walker dies in car crash; was...
- Detroit officially enters bankruptcy
- Challenge to Utah's same-sex marriage ban
- Notre Dame sues over health care law's birth...
- Unions and tea party activists? Common Core...
- Obama's Kenyan-born uncle allowed to remain...
- A guide to this year's best tech gifts
- Croatians vote against same-sex marriage 38
- Court: Mormon church, members not... 33
- Challenge to Utah's same-sex marriage ban 33
- Fast food outlets planning strike for... 25
- Obama declares health care law is... 15
- Obama: Income inequality a defining... 15
- White House: On track for health care... 13
- Notre Dame sues over health care law's... 13