The National Association of Manufacturers (NAM) on Thursday testified before Congress that Chinese subsidies are placing U.S. manufacturers at a disadvantage.
NAM said the low prices, some of which are below materials costs, make competition “nearly impossible”
“The U.S. Trade Representative (USTR) must act quickly in eliminating the prohibited subsidies identified in the case filed with the WTO,” said NAM’s Vice President for International Economic Affairs Frank Vargo before the House Ways and Means Committee. “Illegal is illegal and it is time for China to make good on its promises to eliminate these subsidies. They are forcing American manufacturers to fight with one hand behind their back.”
The full testimony is available here.