The Obama administration, facing increasing political pressure to address complaints about China's economic policies, said Friday that it was investigating whether China was illegally subsidizing its clean-tech industry - even as officials put off a difficult decision on whether to cite Beijing as a currency manipulator.
U.S. Trade Representative Ron Kirk said his office was probing allegations filed last month by the United Steelworkers Union that China was assisting its domestic producers of wind, solar and electric car products with protectionist and subsidy policies in violation of World Trade Organization rules. The complaint blames these policies for a large and growing U.S. trade deficit in clean-energy goods with China, which has emerged as a dominant producer and market for such products.
U.S. Trade Representative Ron Kirk said his office was probing allegations filed last month by the United Steelworkers Union that China was assisting its domestic producers of wind, solar and electric car products with protectionist and subsidy policies in violation of World Trade Organization rules. The complaint blames these policies for a large and growing U.S. trade deficit in clean-energy goods with China, which has emerged as a dominant producer and market for such products.
"Green technology will be an engine for the jobs of the future, and this administration is committed to ensuring a level playing field for American workers, businesses and green technology entrepreneurs," Kirk said.
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