Tag: wto

Statement on US WTO Complaint Regarding Chinese Tax Exemption on Aircraft

“International trade plays a vital role in our economy, accounting for roughly thirty percent of the GDP and directly impacting millions of jobs. Unfortunately, many of our trading partners routinely cut corners and break rules to get an unfair advantage both stateside and abroad. The consequences are severe as millions of jobs in the manufacturing sector alone have been lost in recent decades due to unfair trade practices. Today the U.S. Government took a strong stand with the WTO to protect U.S. jobs by exposing the unfair and concealed advantage of Chinese aircraft companies over sales of American aircraft and ... Read more