Chinese tire producers to raise prices of tire exports to US
21/09/2009 12:00
Many tire producers have requested the Chinese government raise export tax rebates and prices of tires exported to the US to cope with the tire tariffs that the US has imposed on Chinese-made tires at a meeting held by government departments Tuesday.
Zhou Yongzhi, general manager of South China Tire & Rubber Co., Ltd. (SCTR), a large tire producer, said Chinese firms hope to raise the export tax rebate for exports to the US since the quantity of tires bound for the US will fall dramatically as a result of tire decision,
Despite the tariffs, many producers will not give up on the US market, so "they have to raise prices, or they will lose," an industry source said.
Several producers also told the media that they have received several apology letters from US distributors showing their disappointment to US President Barack Obama’s decision.
"This decision is neither good for the US, nor for China," one of the largest US tire distributors said in the letter.
On Tuesday China started investigation on cars and chicken products originated from US.
Many US organizations mistakenly saw that as revenge.
Ministry of Commerce spokesman Yao Jian said China's anti-dumping investigation firmly adheres to procedures from the World Trade Organization (WTO), and it is not a kind of revenge.
China Animal Agriculture Association (CAAA)'s deputy secretary-general Ma Chuang said the move is seen as revenge mainly because the timing of the two cases are too close. He added that relevant industries had filed applications about American vehicles and chicken products entering the China market in unfair trade way, earlier than the tire case.
Zhou Yongzhi, general manager of South China Tire & Rubber Co., Ltd. (SCTR), a large tire producer, said Chinese firms hope to raise the export tax rebate for exports to the US since the quantity of tires bound for the US will fall dramatically as a result of tire decision,
Despite the tariffs, many producers will not give up on the US market, so "they have to raise prices, or they will lose," an industry source said.
Several producers also told the media that they have received several apology letters from US distributors showing their disappointment to US President Barack Obama’s decision.
"This decision is neither good for the US, nor for China," one of the largest US tire distributors said in the letter.
On Tuesday China started investigation on cars and chicken products originated from US.
Many US organizations mistakenly saw that as revenge.
Ministry of Commerce spokesman Yao Jian said China's anti-dumping investigation firmly adheres to procedures from the World Trade Organization (WTO), and it is not a kind of revenge.
China Animal Agriculture Association (CAAA)'s deputy secretary-general Ma Chuang said the move is seen as revenge mainly because the timing of the two cases are too close. He added that relevant industries had filed applications about American vehicles and chicken products entering the China market in unfair trade way, earlier than the tire case.
Published: 16 Sep 2009 03:02:01 PST
Source: news.alibaba.com
Source: news.alibaba.com
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