Obama hits China with trade complaint on autos

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At money.cnn.com

The Obama administration filed a complaint Monday with the World Trade Organization, 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. In response, China filed its own case against the United States on Monday, according to the WTO. Details of the complaint were not immediately available.

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