28 Feb '12, 9pm

US creates new trade unit, targets China

US creates new trade unit, targets China

WASHINGTON: The US took direct aim at China Tuesday with the establishment of a new agency to crack down on what Washington judges unfair practices by its major trade partners. President Barack Obama ordered the creation of the Interagency Trade Enforcement Centre charged with "robust monitoring and enforcement of US rights under international trade agreements." The agency will come under the office of the US Trade Representative and intensify coordination between multiple agencies, including US intelligence, to enforce US trade rights. Obama, who faces an economy struggling to gain footing and election-year pressure to be tough on Beijing, said Tuesday that the new office "will bring the full resources of the federal government to bear to investigate and counter unfair trade practices around the world, including by countries like China." "American workers are the best wor...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

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