·The US preliminary ruling imposes a countervailing duty on Chinese tire products exported to the United States

The US Department of Commerce announced the results of the preliminary ruling on the 24th, and found that there were subsidies for the tires imported from China. The United States intends to impose countervailing duties on such products.
The US Department of Commerce issued a statement saying that the US side has determined that China’s US passenger car and light truck tire products have received improper government subsidies, ranging from 12.5% ​​to 81.29%. According to the US trade relief procedures, based on this preliminary ruling, the Ministry of Commerce The US Customs will be instructed to levy a countervailing duty cash deposit to the relevant company.
At the request of the United Steelworkers' Federation and another labor organization, the US Department of Commerce announced on July 15 that it launched a "double-reverse" investigation on passenger cars and light truck tires imported from China. According to US statistics, the total amount of China-related products exported to the United States in 2013 was approximately $2.1 billion, and the total amount in 2012 was approximately $1.27 billion.
The Ministry of Commerce is expected to make a final ruling on the countervailing investigation in April next year, and another federal agency, the US International Trade Commission, is expected to make a ruling in May next year. If both of them make a positive final ruling, US Customs will formally impose a countervailing duty.
This is not the first time that the United States has swept the trade sanctions to the Chinese tire industry. In 2009, the United States took special measures for the above-mentioned tire products. The export volume of the tires involved in the US fell by more than 60%. The Chinese tire companies mainly exported to the US market. Continued losses, the move did not bring substantial benefits to the US tire industry, which caused the US retail industry to suffer huge losses.
The Chinese Ministry of Commerce has repeatedly stressed that it hopes that the US government will abide by its commitment to oppose trade protectionism, jointly safeguard a free, open and fair international trade environment, and properly handle trade frictions in a more rational way.

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