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Chinese tire shares plunge, driven by US tire tariff
17/09/2009 12:00
Tire shares on Chinese stock markets plunged on Monday morning, the first trading session after the US government announced tariffs on Chinese imports.
The US will implement three-year tariffs on car and light-truck tires imported from China, beginning September 26th. China's Commerce Ministry says the decision is a serious act of trade protectionism and undermines Sino-US trade ties. The Chinese government has said it reserves the right to react to the move. The ministry has since launched an anti-dumping and subsidies investigation into imports of US poultry products and auto parts.
The US will implement three-year tariffs on car and light-truck tires imported from China, beginning September 26th. China's Commerce Ministry says the decision is a serious act of trade protectionism and undermines Sino-US trade ties. The Chinese government has said it reserves the right to react to the move. The ministry has since launched an anti-dumping and subsidies investigation into imports of US poultry products and auto parts.
Editor: Liu Anqi | Source: CCTV.com
2009-09-14 19:11 BJT
Source: english.cctv.com
2009-09-14 19:11 BJT
Source: english.cctv.com
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