Tagged: Trade

The Obama administration filed a lawsuit with the World Trade Organization this week alleging that China is illegally subsidizing its auto industry.

The US says China provides cheap loans and grants and other incentives to their car industry, and that these favors go to companies who are already successful exporters. That, says US Trade Representative Ron Kirk, is unfair.

The economy is not doing well. Unemployment is high, homes are worth what they were in 2003, and growth is weak.

But one sector is doing great: exports. They've been growing about four times as fast as the overall economy since the beginning of 2010.

This is part of a longer-term trend. Despite the myth that the U.S. doesn't make anything anymore, U.S. exports have actually been contributing a larger and larger share of the U.S. economy since the 1970s.

What's going on?

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish. We begin this hour with President Obama on the campaign trail. He was in the battleground state of Ohio today, but he spent much of his time talking about China. President Obama even announced a new trade complaint against China during a campaign stop in Cincinnati.