The US Commerce Department announced on the 15th that it initiated anti-dumping and countervailing investigations (double-reverse investigations) on passenger cars and light truck tires imported from China. The investigation or the US government once again imposed punitive penalties on such products exported from China to the US market. tariff. Cooling Tower,Draft Cooling Tower,Power Plant Cooling Tower,Natural Draught Cooling Tower Guangdong Jiema Energy Saving Technology Co.,Ltd , https://www.jmheatexchanger.com
The US Department of Commerce said that the US Steel Workers Union and another labor organization were applying to launch the investigation. The two institutions said that the dumping margins of the above-mentioned products exported from China to the United States ranged from 45.80% to 87.99%, and the subsidy rate exceeded 2%. According to the US Department of Commerce, the total number of passenger and light truck tires imported from China last year was about $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 above-mentioned products imported from China have caused substantial damage to the relevant industries in the United States, the US Department of Commerce will continue to investigate and plan to make preliminary judgments on countervailing duties and anti-dumping duties in September and December this year.
On April 20, 2009, at the request of the American Iron and Steel Workers' Federation, the US International Trade Commission initiated a special investigation on Chinese passenger cars and light truck tires. On September 11, 2009, US President Barack Obama made a final decision on taking special safeguard measures, announcing a three-year punitive tariff on Chinese tires involved, and raising the tax rate from 4% to 35% in the first year. 30% in two years and 25% in the third year. Since no interested parties filed an extension request within the statutory time limit, the US special safeguard measures against Chinese tires were terminated on September 26, 2012.
The US tire special protection measures have seriously affected the Chinese tire industry. The export volume of tires involved in the US has dropped by more than 60%. During the implementation of the measures, the export volume to the US was only about half of the previous one. The Chinese tire companies mainly exporting to the US market continued to lose money. . However, this move did not bring substantial benefits to the US tire industry, but caused huge losses to the US consumer and retail industry.
According to a special report from the Peterson Institute for International Economics, a well-known research institution in the United States, during the three years of implementing special safeguard measures, the US tire industry has only added 1200 jobs. To this end, US consumers spend more than $1.1 billion on extra spending, and the US retail industry loses more than 3,700 jobs.
The Chinese Ministry of Commerce has repeatedly stated 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.