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Article: Tire makers face challenges.(Policy, Economy & Finance)
- Article from:
- China Chemical Reporter
- Article date:
- September 26, 2009
- Author:
CopyrightCOPYRIGHT 2009 China National Chemical Information Center. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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On September 12th, US President Barack Obama decided to impose a 3-year tariff on imported China-made tire. In the first year, it will be set at 35%, the second year 30% and the final year 25%. The US International Trade Commission (ITC) proposed a tariff of 55 %, 45% and 35 % respectively. The US media judges that Obama strikes a middle ground between satisfying his influential labor constituency while signaling to much-needed China that the U.S. values the bilateral relationship. And US President Obama is attempting to hold together the Democratic majority in Congress in order to pass his health care reform.
As a response, China Rubber Industry Association ...