The Truth About Cars » dumping http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Fri, 26 Sep 2014 18:28:52 +0000 en-US hourly 1 http://wordpress.org/?v=3.9.2 The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars no The Truth About Cars editors@ttac.com editors@ttac.com (The Truth About Cars) 2006-2009 The Truth About Cars The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars » dumping http://www.thetruthaboutcars.com/wp-content/themes/ttac-theme/images/logo.gif http://www.thetruthaboutcars.com Trade War Watch 17: China Rules U.S. Dumping Subsidized Cars On Chinese Market, Does Nothing http://www.thetruthaboutcars.com/2011/05/trade-war-watch-17-china-rules-u-s-dumping-subsidized-cars-on-chinese-market-does-nothing/ http://www.thetruthaboutcars.com/2011/05/trade-war-watch-17-china-rules-u-s-dumping-subsidized-cars-on-chinese-market-does-nothing/#comments Thu, 05 May 2011 18:28:23 +0000 http://www.thetruthaboutcars.com/?p=393775 Beijing closed the book on the tit-for-tat saga that had started with the U.S. slapping punitive tariffs on Chinese tires. China’s Ministry of Commerce (MOC) issued a final ruling today, declaring that the United States has dumped subsidized sedans and sport utility vehicles with engine displacement of 2.5 liters or bigger on the Chinese market, […]

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Beijing closed the book on the tit-for-tat saga that had started with the U.S. slapping punitive tariffs on Chinese tires. China’s Ministry of Commerce (MOC) issued a final ruling today, declaring that the United States has dumped subsidized sedans and sport utility vehicles with engine displacement of 2.5 liters or bigger on the Chinese market, writes China‚Äôs state-owned new agency Xinhua. According top the MOC, this has harmed China’s domestic auto manufacturing industries. Then, China did nothing.

In a surprise move, the statement continued to say that China would not take anti-dumping and countervailing measures on these vehicles until further notice.

China had launched the anti-dumping and anti-subsidy investigation into auto imports from the U.S. on November 6, 2009, two months after President Obama signed the edict to slap a 35 percent punitive tariff on Chinese car and light truck tires. The move seriously disrupted the Chinese auto industry, it raised tire prices in the U.S., it hurt American companies such as Cooper Tire that have extensive production in China, and finally ended up moving low cost tire production from China to Thailand, a country that had duty free status with the U.S.

Realizing this, the U.S. raised the Thai tire tariff to the 4 percent harmonized tariff allowed by the WTO. The same tariff the U.S.A. had charged on Chinese tires before the additional 35 percent were slapped on. Not a single job was created in the U.S. Thailand was grateful. Chinese and U.S. tire companies were miffed.

 

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