U.S. Sens. Sherrod Brown (D-Ohio) and Rob Portman (R-Ohio) applauded a ruling by the World Trade Organization (WTO) that China is in violation of hoarding rare earth materials, tungsten, and molybdenum at the expense of American manufacturers.
Wednesday’s announcement follows efforts by Brown and Portman to protect Ohio workers and businesses by urging the Office of the United States Trade Representative (USTR) to initiate a WTO case against China. In March 2012, the Administration answered the senators' call and challenged China, in cooperation with the European Union (EU) and Japan, at the WTO for blocking exports of rare earth materials. This decision is the culmination of those efforts.
“This is excellent news for Ohio and American manufacturers,” Brown said. “Manufacturing is the backbone of the American economy. But in order for our industry to compete, it needs a level playing field. That means holding countries like China accountable when they violate trade policy by hoarding rare earth and other materials. The World Trade Organization’s decision will help protect American businesses and the jobs they support.”
To read the full article, please click the source link below: