Latest News:  
Beijing   Cloudy    28 / 19 ℃  City Forecast

English>>China Business

US tariffs on Chinese exports of tires set to expire

By Song Shengxia (Global Times)

08:32, September 24, 2012

US tariffs on Chinese exports of tires for passenger cars and light trucks are set to expire Wednesday, and domestic companies are anticipating a bump in sales.

Analysts said that the expiry of the tariffs will boost exports of tires to the US and improve the profit margin for Chinese firms, but it will be hard for China to regain its dominant market share in the US tire market given the weak world economy.

The deadline for "interested parties to request an extension of the tire tariff" has passed, Carol J Guthrie, assistant US trade representative for public and media affairs at the Office of the United States Trade Representative (USTR), said in a statement e-mailed to the Global Times on September 15.

"The deadline for an extension request is six months prior to the termination of the tire tariffs, and no interested parties made a request for an extension," she said.
This means the tariffs "will automatically expire and the duties will be scrapped," said Tu Xingquan, associate director of the China Institute of WTO Studies with the Beijing-based University of International Business and Economics.

Back in April 2009, the US United Steelworkers union filed a complaint with the US International Trade Commission (ITC), accusing Chinese tire makers of flooding the US market with tires and causing thousands of job losses and plant closures.

The ITC's investigation resulted in punitive tariffs on tire imports from China for a three-year period starting from September 2009.

【1】 【2】 【3】 【4】



News we recommend:
Golden Week boosts travel firms Inflation rebounds to 2% in August Islands 'purchase' hurts major industry sectors
A New Investment Opportunity NDRC raises fuel prices Gearing up for knowledge economy
Grape expectations from Argentina  Secrets of the Chinese travelers Secrets of a successful PE firm

Email|Print|Comments(Editor:厉振羽、马茜)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Weekly review of military photos

  2. DPRK’s future stars rise from here

  3. Islands 'purchase' hurts major industry sectors

  4. Most precious diamonds around world

  5. "The Voice of China" in cartoon

  6. Best Astronomy Photographer 2012: Royal Observatory

Most Popular

Opinions

  1. Prepare for long-term struggle over Diaoyu
  2. Gearing up for knowledge economy
  3. Editorial: Protectionism harmful
  4. US attack of Chinese autos baseless
  5. Stronger China-EU partnership benefits both sides
  6. Violent protesters not representative of real issue
  7. China, EU should set example in resolving disputes
  8. Chances of solving Syria crisis regionally ruled out
  9. Japan has never made effort to reflect its past
  10. Global value chains in the world economy

What's happening in China

Office staff fear falling elevators

  1. HK activists slam 'zone for rich'
  2. Taiwan civilian ship enters Diaoyu Islands waters
  3. China sees growing elderly 'empty-nesters'
  4. Quake emergency plan stresses quick response
  5. China stresses train punctuality during holidays

China Features

  1. Visual spectacle in the eyes of Chinese diplomats
  2. Focus on North Korea's schoolgirls
  3. US suffers 'Arab winter'
  4. To live an amazing life
  5. Survivors tell you how to survive traffic accidents

PD Online Data

  1. Ministry of Water Resources
  2. Ministry of Railways
  3. People's Bank of China
  4. Ministry of Health
  5. Ministry of Culture