US to impose tariff on Chinese tires

US to impose tariff on Chinese tires - U.S. to Impose...

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See a sample reprint in PDF format. Order a reprint of this article now POLITICS SEPTEMBER 14, 2009, 4:27 A.M. ET Dow Jones Reprints: This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, use the Order Reprints tool at the bottom of any article or visit www.djreprints.com By JONATHAN WEISMAN WASHINGTON -- The Obama administration will put steep import duties of 35% in the first year on Chinese passenger and light truck tires, responding to what the U.S. International Trade Commission determined to be a surge of Chinese tire exports that has rocked the domestic U.S. tire industry and displaced thousands of jobs, U.S. Trade Representative Ron Kirk announced Friday night. China's government responded quickly to the announcement, saying in a statement that it "strongly opposes" what it called "a serious act of trade protectionism." China "reserves the right to make further response," the Ministry of Commerce statement said. On Sunday the ministry said it was investigating U.S. automotive and poultry product imports following complaints from local industries that some of these products are being dumped in the Chinese market or are benefiting from subsidies, "seriously affecting" domestic industries. The investigation is "obviously not a retaliatory move" but is a response to concerns expressed by domestic industries, a state-radio report said Sunday. President Barack Obama campaigned for the presidency using tough trade rhetoric and appealing to union workers. He said he would renegotiate the North American Free Trade Agreement to incorporate stricter labor and environmental standards. And he said China must abide by the rules of the WTO or face consequences. Since Inauguration Day, however, the president has toned down his stand. At the April G20 meeting in London and the July G8 meeting in Italy, he led leaders pledging to resist protectionism as a global recession led to rising worker anger. But administration officials have indicated they were taking a stern
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This note was uploaded on 03/30/2011 for the course WORK 383 taught by Professor Shurman during the Spring '11 term at Rutgers.

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US to impose tariff on Chinese tires - U.S. to Impose...

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