Wednesday, February 29, 2012

New U.S. Agency to Enforce Trade Rules with China

(Industry Week – Agence France-Presse)

President Obama will launch a new enforcement center on Tuesday to more aggressively challenge “unfair” trade violations, including by China, a senior official said.

Obama, who vowed to create such an entity during his State of the Union address and who faces election-year pressure to be tough on Beijing, will establish the Interagency Trade Enforcement Agency by executive order.  The center will “significantly enhance the administration’s capabilities to aggressively challenge unfair trade practices around the world, including in China,” a White House official said on condition of anonymity.  “The president believes that we can’t wait to crack down on unfair trade violations and ensure a level playing field for American workers.” Read more here.