From the US campaign trail to the corridors of Brussels, recession-wary western leaders are wrestling with same seemingly intractable problem: how to manage trade relations with China?
This week, President Barack Obama went on the offensive in the swing state of Ohio – and the centre of America’s manufacturing rust belt – to announce the latest of World Trade Organisation cases against Beijing. This time it was for what the White House claims are illegal export subsidies for auto parts.
Across the Atlantic, Karel De Gucht, the EU trade commissioner, appeared to take the opposite approach as he eased the pressure on a brewing dispute with Beijing over alleged subsidies to its telecommunications equipment makers.
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