11/29/2014

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CHINA: Tire firms urge government to fight US action

The US government said tires for passenger cars and light trucks produced in China were unfairly subsidized and should be subject to punitive tariffs ranging from 17.7 % to 81.3 percent, depending on the manufacturer.

Fan Rende, honorary chairman of the Beijing-based China Rubber Industry Association, said US tire makers are aware that high labor and material costs are the biggest obstacles to generate profit. The move shows that the US is adopting a tough stance on China's tire industry.

The association is discussing solutions and appealing to the government to take measures to protect the interest of Chinese tire makers in the US market.

Source: "China Daily", Beijing; 26 Nov 2014
(Syed Rashid Ali, Karachi, Pakistan)

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