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Wednesday, September 07, 2011

WTO: Decision on Chinese Tire Tariffs is Upheld



On Labor Day, the World Trade Organization (WTO) announced it was upholding President Barack Obama’s 2009 decision to impose additional tariffs on consumer tires imported from China. The tariffs are set to end on Sept. 26, 2012.

The WTO's Appellate Body made the decision, which is final.
“We just think it’s not creating any new jobs in America,” said Roy Littlefield, TIA executive vice president. “It’s had a negative impact on everything from importers to suppliers to dealers to consumers.”

The tariffs were set at 39 percent for the first year and 34 percent for the second. Starting this month, the tariffs are set at 29 percent before reverting to the traditional 4 percent in September 2012.

USW International President Leo Gerard, contradicting TIA, said the tariffs are having their intended effect of increasing investments in U.S. tire manufacturing and creating U.S. tire manufacturing jobs.
As expected, the China Rubber Industry Association, however, called the ruling unfair.



Other news

 
30/12/2011 -  Ventus Prime : Original Fitment on BMW 1 Series
29/12/2011 -  Atlantic Canada Most Accepting of Winter Tires, Study Finds
28/12/2011 -  Pirelli Acquires Ambiente and Eco Technology
23/12/2011 -  Carlisle : Official Tire of American Bass Anglers Tour
22/12/2011 -  Predators and Bridgestone Extend Agreement
 

[All the news]





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