China Upset About Tire Duties
2015-06-13 14:59:09 Hits:4297
China’s Commerce Ministry criticized the U.S. for imposing duties on certain passenger and light truck tires imported from the country, according to Reuters. The ministry called the move “unreasonable” and harmful to world trade.
China made several official protests to the Department of Commerce for its methods. The country claims the U.S.’s methods damage Chinese tire exporters’ legal rights and violated World Trade Organization rules, Reuters reported.
“China urges the U.S. side to strictly comply with international trade rules, prudently use trade remedies, adopt a responsible attitude and actions, correct its mistakes and safeguard the multilateral trade system and the broader U.S.-China trade relationship,” an unnamed Chinese official said.
On Friday, the Department of Commerce announced its final determinations in the antidumping duty and countervailing duty investigations on the import of certain Chinese tires. The DOC ruled to impose antidumping duties ranging from 14.35% to 87.99% and countervailing duties up to 100.77%, after deciding some companies were being unfairly subsidized by the Chinese government.
The duties are still subject to a decision by the International Trade Commission on July 27.
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