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.
- California orders churches, others to pay for...
- Two Christian ministers refuse to perform...
- US: IS earns $1M per day in black market oil...
- 2 dead in shooting attack at Canada's Parliament
- Chairman of Becket Fund for Religious Liberty...
- Threat to break isolation in Liberia over food
- #ThrowbackThursday: Why do we love the '90s?
- White House fence jumper charged with assault
- Two Christian ministers refuse to... 114
- Wyoming prepares to legalize same-sex... 22
- California orders churches, others to... 21
- On campaign trail, Obama says GOP is... 18
- Expelled Nazis got millions in Social... 10
- This type of high school can increase... 8
- Chairman of Becket Fund for Religious... 8
- Kerry: 'Irresponsible' not to aid Kurds... 7