China’s Ministry of Commerce is responding forcefully to the U.S. A new U.S. ruling imposes high anti-dumping tariffs on Chinese tires exports.
Both the Chinese government and Chinese tire industry said the investigation is flawed and unfair.
CGTN’s Wang Hui has the details.
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On Monday, the U.S. Commerce Department issued the final ruling on Chinese tires for trucks and passenger vehicles: up to nearly 23 percent in anti-dumping tariffs, and up to 65 percent in anti-subsidy tariffs.
The Chinese Commerce Ministry has slammed the decision as unfair. Beijing says Washington is misusing the surrogate country approach.
Beijing also took aim at the U.S. anti-subsidy investigation, saying Washington is mixing political bias with business.
The year-long investigation has already affected Chinese tire exports to the U.S.
The gross export of these products totaled $1.5 billion U.S. in 2015, but dropped to $1 billion in the first 11 months of last year.
More than 100 enterprises have been affected.
The Chinese Industry of Tires has released a joint statement to voice their strong dissatisfaction. They believe this is a protectionist approach that tries to impede Chinese tires’ fair competition in the American market.
China is defending its enterprises with a lawsuit against the U.S. actions at the WTO.
This is the first ruling to be issued under the Trump administration. And, China’s Ministry of Commerce has noted that they’ve seen a stronger sentiment of trade protectionism coming from the U.S.