The U.S. Department of Commerce announced on the 15th that it initiated anti-dumping and countervailing investigations (double counter investigations) on passenger and light truck tires imported from China and investigated or caused the U.S. government to punish such products exported by China to the U.S. market again. tariff.
The U.S. Department of Commerce stated that it is the U.S. Steel Workers Federation and another labor organization that initiated the investigation. The two agencies stated that the dumping margin of the above-mentioned products exported to the United States from 45.80% to 87.99% and the subsidy rate exceeded 2%. According to the US Department of Commerce, the total amount of passenger car and light truck tires imported from China last year was approximately US$2.1 billion.
The US International Trade Commission is expected to make a preliminary ruling in August this year. If the committee decides that the products imported from China will cause substantial damage to the US related industries, the US Department of Commerce will continue to investigate and plan to make preliminary rulings on countervailing duties and anti-dumping duties in September and December this year.
On April 20, 2009, the United States International Trade Commission applied for the special security investigation of Chinese passenger car and light truck tires. On September 11, 2009, U.S. President Barack Obama made a final decision on the implementation of special safeguard measures and announced a three-year punitive tariff on Chinese tyres involved in the case. He increased the tax rate from 4% to 35% in the first year. 20% in 2 years and 25% in 3rd year. As there was no application for extension by the interested parties within the statutory time limit, the special safeguard measures taken by the United States against Chinese tyres exported to the United States expired on September 26, 2012.
The US Tire Special Protection Restriction Measures have a serious impact on China's tire industry. Tire shipments to the United States once fell by more than 60%. During the implementation period, US exports to the United States were only about half that of the previous period. Chinese tire companies that mainly export to the US market continued to lose money. . However, this measure has not brought substantial benefits to the US tire industry, but has caused huge losses to American consumers and retailers.
According to a special report of the Peterson Institute for International Economics, a well-known research institute in the United States, during the three-year period of implementation of the special safeguard measures, only 1200 jobs were newly added to the US tire industry. To this end, US consumers have spent more than $1.1 billion in extra expenses, and the US retail industry has lost more than 3,700 jobs.
The Chinese Ministry of Commerce has repeatedly stated that it hopes that the U.S. government will abide by its opposition to trade protectionism, jointly safeguard a free, open and fair international trade environment, and properly handle trade frictions in a more rational manner.
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