US industry could be hit after tire tariff ruling, law firm warns
By Jing Shuiyu | China Daily | Updated: 2017-01-25 07:28
Trade protectionism could hurt the vitality of the US tire market, after the country made a final ruling that tires from China were dumped and subsidized.
If high tariffs strip Chinese tire manufactures of their ability to export their products to the US affordably, the average tire prices in the market might rise and US consumers could have limited choices, said Pu Lingchen, partner of Zhong Lun Law Firm, on Tuesday.
Trade remedies cannot address the fundamental issues of any industry, but provide only a "short-term buffer", said Pu.
Photo