By  on September 17, 2012

WASHINGTON — China is becoming more of a political football than ever.

The trade relationship between the U.S. and China hit a new low Monday as the two countries exchanged World Trade Organization cases, while President Barack Obama and Republican presidential candidate Mitt Romney sparred over who has the best approach to reining in the Asian giant.

The heightened political rhetoric and new WTO cases escalated the tensions between the two countries and reinforced the potential of a trade war if the tough stance on China becomes more entrenched or punitive, trade experts said.

The WTO complaint filed by the U.S. alleges that China illegally subsidizes the export of auto and auto parts. China countered with a WTO case of its own claiming that U.S. countervailing duty and antidumping laws are not consistent with WTO rules.

 

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