President Obama trying to bring trade case against China
POSTED: Tuesday, March 13, 2012 - 4:45pm
UPDATED: Tuesday, March 13, 2012 - 5:20pm
NBC NATIONAL NEWS — President Obama said America's competitors should be on notice when it comes to international trade laws, "You will not get away with skirting the rules."
Speaking outside of the White House today, President Obama announced a new trade case against China.
The goal is to pressure China, a rising Asian economic power, to end its restrictions on exports of key materials used to manufacture hybrid car batteries, flat screen televisions and other high tech-goods.
"We've got to take control of our energy future and we can't let that energy industry take root in some other country because they were allowed to break the rules,” stated Obama. “So our administration will bring this case against China today. And we will keep working every single day to give American workers, and American businesses, a fair shot in the global economy."
The United States is taking its case to the World Trade Organization, along with the European Union and Japan.