U.S. Proposed Tariff on Chinese Tire Imports Lacks Fact, Legal Ground: Official
    2009-08-12 10:48:40     Xinhua      Web Editor: Cao Jie
The proposed tariff of the United States on Chinese tire imports is not supported by "facts nor valid legal ground", China's Vice Minister of Commerce Fu Ziying said here Wednesday.
Audio

China's Ministry of Commerce Wednesday affirmed its stance on the United States' proposed imposition of tariffs on Chinese tire imports, saying the move was neither supported by "legitimacy nor objective foundation".

The slowdown in the U.S. tire industry is a result of the global financial crisis, and not China's increasing tire exports to the U.S., Vice Minister of Commerce Fu Ziying said.

He said the move breached World Trade Organization rules and was trade protectionism.

Fu said China's tire exports to the U.S. tripled between 2004 and 2007 while, during the same period, U.S. tire manufacturers' doubled profits. "This means the increase of China's tire exports did not cause any substantial harm to the U.S. tire industry," he said.

According to the latest figures available from the General Administration of Customs, China exported 21.08 million tires, 26 percent of its total tire exports, to the United States in the first four months this year. The exports were worth 521 million U.S. dollars, down 25.7 percent year on year.

It is normal that China faces frequent trade frictions as most China's exports were labor-intensive products, Fu said.

"We will work to protect the interests of domestic industries and enterprises, " he said.

The U.S. International Trade Commission issued a statement on June 29, recommending imposing descending tariffs of 55 percent, 45 percent and 35 percent over the next three years on car and light truck tires from China.

The U.S. Trade Representative must submit a policy recommendation to the White House by Sept. 2 on whether or not to impose the tariff. U.S. President Obama has 15 days after that to give a final ruling.

Share

               


CRIENGLISH.com claims the copyright of all material and information produced originally by our staff. No person, organization and/or company shall reproduce, disseminate or broadcast the content in any manner whatsoever without the express written permission of CRIENGLISH.com.

CRIENGLISH.com holds neither liability nor responsibility for materials attributed to any other source. Such information is provided as reportage and dissemination of information but does not necessarily reflect the opinion of or endorsement by CRI.

 
Audio Reports more »
Biz Life more »
Policy more »
Markets more »

News
China
World
Politics
Business
Sports
Showbiz
Sci-tech
Photo
Recommended
China
World
Sports
Showbiz
Travel
Video
C4
The Sound Stage
Showbiz
Travel
China Revealed
My Chinese Life
Travel
Destinations
Photo Gallery
Recommended
Learn Chinese
"In" Chinese
Chatting in Chinese
Pop Culture
Traditional Culture
Living Chinese
Chinese Studio
Chinese Class
Learn English
Special English
Pop Chart
Everyday English
Fabulous Snaps
CRI News
China.org.cn  | Xinhua  | People's Daily Online   |  CNTV.cn  | China Daily  |  Global Times  | China Job  |  China Tibet Online  | Taiwan.cn  | eBeijing  | Beijing Today  | China-Eurasia Expo  | APEC Yiwu Conference  | Chinese Embassy in S.Africa  | Chinese Embassy in Australia  | Chinese Embassy in NZ