China is retaliating against Obama’s announcement that the U.S. would impose hefty duties on tires imported from China. From China Daily:
Just two days after the decision by the United States to levy heavy import tariffs on Chinese tires, the government here has reacted by launching an anti-dumping and anti-subsidies investigation into automotive and chicken exports from the US.
The Ministry of Commerce (MOFCOM) Sunday did not label it as retaliation against the tire dispute, but said it acted simply in a response to domestic concerns.
The probe, which is in line with World Trade Organization (WTO) rules, follows complaints from Chinese manufacturers that US-made products entered the nation’s markets with “unfair competition” and harmed domestic industries, said the ministry in a statement.
MOFCOM added it is still opposed to trade protectionism and committed to working towards global economic recovery.
See also “US tyre duties spark clash” from the Financial Times.
