Make me your Homepage
left corner left corner
China Daily Website

US extends AD duties on China's tire products

Updated: 2014-01-07 09:01
( Xinhua)

WASHINGTON - A US trade panel voted on Monday to extend antidumping and countervailing duties on off-the-road tire products from China after the first five-year review of the measures imposed initially in 2008.

The US International Trade Commission (USITC) voted against revoking the existing duty orders on off-the-road tire products from China, saying it "would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. "

The US Commerce Department is required to remove an antidumping or countervailing duty order, or terminate a suspension agreement, after five years unless the department and the USITC vote against it, according to the Uruguay Round Agreements Act.

In September 2008, the United States issued antidumping duty (AD) and countervailing duty (CVD) orders on off-the-road tire products from China, with AD rates in the range of zero to 210.48 percent and CVD rates from 2.45 percent to 14 percent. The Commerce Department instituted the first five-year review of the measures in August and the USITC voted to conduct full reviews on November 20, 2013.  

The Chinese Ministry of Commerce has repeatedly urged Washington to abide by its commitment against protectionism and help maintain a free, open and just international trade environment.

8.03K
 
Hot Topics
The Party vowed on Wednesday to fight corruption firmly and to maintain its "high-handed posture" in the next five years.
...
...