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WTO backs US tariff on China tyres | WTO backs US tariff on China tyres |
(40 minutes later) | |
The World Trade Organization (WTO) has ruled that the US was entitled to impose extra duties on Chinese tyre imports. | The World Trade Organization (WTO) has ruled that the US was entitled to impose extra duties on Chinese tyre imports. |
Last year, President Obama imposed punitive duties of up to 35% on imports of Chinese-made tyres. | Last year, President Obama imposed punitive duties of up to 35% on imports of Chinese-made tyres. |
China called the move "protectionist" and had argued that the measures were not justified. | China called the move "protectionist" and had argued that the measures were not justified. |
But the WTO panel said in its ruling that the US "did not fail to comply with its obligations". | But the WTO panel said in its ruling that the US "did not fail to comply with its obligations". |
US Trade Representative Ron Kirk said: "This is a major victory for the United States and particularly for American workers and businesses." | |
When it introduced the duties, the US government argued that Chinese tyre imports had tripled in volume over four years. | |
It said this reduced US tyre production by more than a quarter over the same period, leading to 14% of workers in the industry losing their jobs. | |
China countered that the US tariffs would cost its tyre industry $1bn (£630m), and cause 100,000 Chinese redundancies. | |
Mr Kirk added: "We have said all along that our imposition of duties on Chinese tyres was fully consistent with our WTO obligations. | |
"It is significant that the WTO panel has agreed with us, on all grounds." |
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