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WTO backs US tariffs on Chinese tires

12-15-2010 16:45 BJT

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China's Ministry of Commerce has expressed regret over a World Trade Organization ruling on tariff disputes.

The WTO ruled on Monday that the United States acted within its rights when it raised import taxes on Chinese tires.

In 2009, the US announced punitive tariffs of up to 35 percent on all Chinese car and light-truck tire imports for three years. It claimed the Chinese products were damaging the US tire industry.

China has requested consultations with the US on the issue, calling the tariffs inconsistent with WTO rules and US obligations under China's Accession Protocol.

Yao Jian, Spokesman, China's Ministry of Commerce, said, "Our expert team from the commerce ministry is studying the issue and will request an appeal to protect Chinese enterprises. America's move hurts both the US and China's businesses, as it drives up costs for consumers. In fact, the claim is putting political pressure on China's tire industry."

 

 

Editor:Zhang Pengfei |Source: CNTV.CN

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