U.S. President Barack Obama announced on September 11, 2009 to impose punitive tariffs on tires imported from China. White House spokesman Robert Gibbs said car and light truck tires imported from China will suffer punitive tariffs of 35percent, 30 percent and 25 percent in the coming three years, respectively.
"Such measures are specifically directed at China," according to Zhang Yansheng, director of the National Development and Reform Commission's (NDRC) Institute of Foreign Trade. In addition to investigations against China launched by developed countries represented by the United States, in the year 2009, India also initiated 5 cases of investigation against China.
"After the U.S. takes measures against Chinese tires, in order to prevent the Chinese tire trade diversion, other countries may also take action against Chinese tires, and then may face a wall of trade barriers." Zhang Yansheng said.
In fact, in 2003 when the United States initiated investigations against Chinese textile, Chinese textile exports have been hit so traumatically. This time the tire tariff will also have serious repercussions.
"40% of tires produced in China are exported, among which a third goes to the United States. The maximum tariffs being up to 35% means that in the first year, China's tire products will not be exported to the United States. According to preliminary estimates, this will cause 100,000 Chinese workers to lose their jobs and loss of about one billion U.S. dollars exports," said Fan Rende, chairman of the China Rubber Industry Association.
By People's Daily Online
|
Comment
Tell A Friend
Print Format
Save Article