China Hitting Back After Tire Tariff
Forbes – Just two days after the U.S. slapped Chinese tire imports with hefty tariffs, Beijing has hit back by saying it would launch an anti-dumping investigation into automobile and chicken products from the U.S. China’s Commerce ministry said Sunday that the probe was in response to complaints from local manufacturers that claim some products
China Seeking WTO Relief from Tire Tariff
Boston Globe – China accused Washington on Monday of violating World Trade Organization rules by raising tariffs on Chinese tires and demanded talks in the WTO on the latest and most acrimonious in a string of trade disputes. "The American side’s imposition of protective measures on Chinese tires violates WTO regulations," Commerce Ministry spokesman Yao
Exporters Urged to Unite Against Tariff Hike
China Daily – Fan Rende was so angry on Saturday he skipped breakfast, lunch and dinner to work on a petition to United States President Barack Obama in protest at the higher tariff placed on Chinese tire imports. The chairman of the China Rubber Industry Association was especially incensed as he feels the decision was
Tire Tariff Ticks Off China
Business Week – A Chinese government outburst in response to a stiff tariff imposed by the Obama Administration on Chinese-made tires appeared to raise the specter of trade protectionism at a time of a fragile global economic recovery. In official statements over the weekend, Beijing strongly protested the 35% tariff imposed by President Barack Obama
China Plans WTO Appeal
China Daily – China "strongly opposes" U.S. President Barack Obama’s decision to introduce punitive tariffs on tire imports from China and may refer the case to the World Trade Organization, the Ministry of Commerce said Saturday. The imposition of the new tariffs not only violated rules of the WTO but also runs against the commitments
A President With the Guts to Enforce Trade Laws
By USW President Leo Gerard for Huffington Post – Barack Obama proved Friday he’s got grit. He enforced trade laws. These are special trade safeguard rules called "Section 421" that the Chinese had agreed to obey to gain entrance to the World Trade Organization (WTO). They are, however, laws that had gone unenforced by the
Tariff Sends Chinese Stocks Plunging
Daily Finance – Shares in Asia were mixed Monday with the Hang Seng down 1.1% to close at 20,932 and the Nikkei dropping 2.3% to end the day at 10,202. Only the China markets were in the green with the Shanghai Composite gaining 1.2% to close at 3,027. The Chinese index might have gone higher,
President Sides With USW, Sets New China Duties
The Obama Administration came down strongly on the side of labor yesterday when it agreed to place heavy additional duties on passenger tires imported from China. Late Friday, the White House placed a three-year additional tariff on China-made tires, starting at 35%, and then scaling down to 30% the second year and 25% in the
Tire Trade Deadline Draws Near
Forbes – Today, the decision about whether to restrict tires imported from China is in the hands of President Barack Obama. At issue is whether the Chinese-made, low-end tires sold in the U.S. for use on cars and light trucks are flooding the market in a way that "disrupts" domestic production. The tires are sold
China Tire Debate: A Rubbery Issue
(China Daily) U.S. President Barack Obama has less than a month to decide whether to restrict the import of tires from China. The decision couldn’t have come at a worse time, for the U.S. administration has begun losing its popularity. Obama risks alienating a key ally at a crucial time no matter which side he