U.S.-China Tire War to Benefit Local Makers
President Obama will soon be required to decide whether to impose quotas or other restrictions against imports of passenger and light truck tires from China.
Shanghai, October 12 (Gasgoo.com) China's Ministry of Commerce (MOC) has expressed its deep satisfaction over a recent decision by India to terminate trade investigations into passenger car tires made in China, xinhuanet.com reported today.
A spokesman from China's Ministry of Commerce expressed its appreciation that India will terminate its tariffs on China-imported tires. The Indian Ministry of Finance made the statement on September 30. The spokesman said this decision does not only enhance bilateral trade between the two countri...
WASHINGTON, Sept 24 - China and the United States do not want a dispute over tires to spark a broader trade war, U.S. Deputy Secretary of State James Steinberg said on Thursday. Steinberg will visit...
Shanghai, September 23 (Gasgoo.com) US President Barack Obama affirmed Chinese President Hu Jintao in a meeting on Tuesday that the US is firmly committed to free trade, as he sought to ease frictions over a U.S. decision this month to slap trade sanctions on Chinese tires, Reuters reports.
The prospect of a trade war with China fueled fears of wider fallout Monday, prompting many economists to criticize President Obama's decision to slap import tariffs on Chinese-made tires.
WASHINGTON, Sept 11 - U.S. President Barack Obama slapped steep additional duties on tire imports from China...
BEIJING, Sept 12 - China swiftly denounced a U.S. decision to impose duties on Chinese-made tires, saying on Saturday the duties were a "grave act of trade protectionism" that may draw a further response from...
* Additional 35 percent duty on China tires for first year * U.S. Steelworkers union had sought protection * Obama faces conflicting pressures (Updates throughout, adds reaction) WASHINGTON, Sept 11 - U.S. President Barack Obamaon...