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

12-15-2010 19:01 BJT

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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

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