WTO ruling appealed
Source: Bloomberg News |
May 25, 2011, Wednesday
|
Print Edition
Print Edition
CHINA yesterday appealed a World Trade Organization ruling that backed United States duties on Chinese tire imports, saying the levies are "protectionist."
WTO judges rejected a Chinese complaint in December against US President Barack Obama's decision to impose three-year duties on US$1.8 billion of car and light-truck tires from China under a so-called safeguard provision designed to protect US producers from a surge in imports.
The ruling added to tensions between the world's two largest economies. The two countries, which had US$457 billion in annual two-way trade in 2010, have clashed over access to each others' markets.
WTO judges rejected a Chinese complaint in December against US President Barack Obama's decision to impose three-year duties on US$1.8 billion of car and light-truck tires from China under a so-called safeguard provision designed to protect US producers from a surge in imports.
The ruling added to tensions between the world's two largest economies. The two countries, which had US$457 billion in annual two-way trade in 2010, have clashed over access to each others' markets.
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