China to appeal WTO tyre ruling
China plans to appeal a World Trade Organization ruling that the US was entitled to impose extra safeguard duties on Chinese tyres, the Ministry of Commerce said yesterday. China’s Ministry of Commerce said in a statement on its website that it was “deeply concerned” about negative consequences from the Monday ruling and condemned the US safeguard measures.
“The US safeguard measures adopted toward Chinese tyres are trade protectionism intended to shift domestic political pressure. They are not in line with WTO rules and have been widely criticised,” it said. President Barack Obama imposed the 35 pe rcent duties on Chinese tyres in September 2009.