Officials: US wins WTO films, music case vs. China
Apparently, the US has largely prevailed in a trade dispute with China over restrictions on the sale there of American CDs, DVDs, books and computer software. The confidential verdict from the World Trade Organization victory comes as the administration of President Barack Obama is being pressed to be tough over trade rules with China, which many Democrats in the U.S. Congress blame in part for America's soaring trade deficits and lost manufacturing jobs. The ruling in the case, filed during the preceding Bush administration, was released to Beijing and Washington last month, but won't be made public until Aug. 12. It finds that Beijing is breaking commerce rules by forcing U.S.-made goods from magazines to video games to be sold through Chinese state-owned companies.
Officials: US wins WTO films, music case vs. China