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China urges US to reconsider tire protectionism
(Xinhua)
Updated: 2009-08-04 00:10 BEIJING: China's Ministry of Commerce said on Monday it hoped the US government would listen to its own industries and not impose protective measures on tires. The comment came after the US International Trade Commission (ITC) issued a statement on June 29 recommending falling tariffs of 55 percent, 45 percent and 35 percent over the next three years on motor vehicle and light truck tires from China.
The commission's protectionism ploy lacked legitimacy and objective foundation, and China strongly opposed the US government's implementation of discriminatory measures against tires from China, the ministry said. US President Barack Obama will make a final decision on the issue before September 17, following an August 7 hearing. Imposing protectionist measures against Chinese tires would not only harm the interests of China's tire industry and Sino-US bilateral trade, but also jeopardize the overall interests of US economy, the ministry said. |