U.S to file WTO complaint against Chinese aluminium subsidies

<p>The Obama administration is expected to file a complaint on Thursday with the World Trade Organization (WTO) against China over aluminium subsidies, as reported by Wall Street Journal on Wednesday.<br /><br />The world's two largest economies are expected to affect by the WTO complaint, since President-elect Donald Trump will take the oath of office next week to cut U.S. trade deficits with China as a top priority.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/aluminum_ingots.jpg" alt="News" width="517" height="226" /><br />The U.S. Trade Representative's office will file official complaint for allowing cheap loans from Chinese banks as well as giving subsidized electricity, coal and alumina to Chinese Aluminium manufacturer.<br /><br />According to sources, these subsidies will help to increase china&rsquo;s aluminium production further and harm American aluminium companies and their workers.<br />In October 2016, two U.S. senators from Ohio, that houses several U.S. aluminium producers, and six other senators urged for a WTO case against China's aluminium trade practices. The case is actually a follow up on that. <br /><br />"When China drives down aluminium costs by cheating, Ohio workers and manufacturers pay the price," said Sherrod Brown, an Ohio Democrat. <br /><br />{googleAdsense}<br /><br />He further commented: "Thousands have lost jobs because of unfairly subsidized aluminium from China that has flooded the market and led to overcapacity, and it&rsquo;s past time we get tough on these violations before more American workers suffer."<br /><br />This complaint against China is the 16th one to have been put in front of WTO during the eight years of the Obama administration.<br /><br />In the recent years, production of Chinese aluminium has increased significantly and presently it produces more than half the world's aluminium, causing the closure of about 9 U.S. aluminium smelters and the loss of 15,000 jobs.<br /><br /></p>