CCTV.com - CNTV English - CCTV News

China to appeal WTO ruling on U.S. tariffs on Chinese tires

12-15-2010 19:01 BJT

Watch Video

Play Video

The Ministry of Commerce has expressed regret over a World Trade Organization ruling on a tariff dispute between China and the US.

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

Yao Jian, Spokesman of 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."

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.

The spokesman also said that China's limits on production of rare earth elements are being put in place to ensure China has necessary supplies of its own for sustainable development. He said China will continue to strengthen cooperation in rare earth elements manufacturing and processing.

 

 

Editor:Zhang Pengfei |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program