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September 17th, 2012
10:18 AM ET

MYB: U.S. files new trade complaint against China

(CNNMoney) - The Obama administration filed a complaint Monday with the World Trade Organization today, alleging that China has illegally subsidized automotive exports and undercut American suppliers.

The complaint accuses China of providing $1 billion in illegal subsidies to auto and auto parts exporters between 2009 and 2011, according to a senior administration official.

On Early Start this morning, Christine Romans breaks down various U.S./China trade disputes and explains how many American job losses can be attributed to China.

Filed under: Minding Your Business
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