China’s tyre industry responds angrily to US anti-dumping policy

26/11/2014 12:00 - 476 Views

BEIJING – Chna’s domestic tyre industry has called on the Government to take ‘decisive easures’in response to imposition by the United States of anti-dumping and countervailing duties on tyres imported from China.

On Monday, the US Department of Commerce claimed that Chinese manufacturers were unfairly subsidised’ pm car and light truck tyres by the Chinese Government and should be subject to punitive tariffs ranging from 17.7% to 81.3%, depending on the manufacturer.

Honorary Chairman of the Beijing-based China Rubber Industry Association described the move as “an attempt to further cut Chinese tyre producers’ market share in the US”, and said it could encourage other countries or regional organisations…”to take similar measures to reduce their trade deficits with China”.

Industry experts say that most of the Chinese exports are low-end tyres and do not endanger the US industry.

Source: asiatoday