Chinese Ministry Expresses “Deep Regret” after US Tyre Ruling
Continuing today’s theme of the fallout from the US International Trade Commission’s ruling that Chinese imports have disrupted the country’s markets, China’s Ministry of Commerce has expressed its “deep regret” at the decision. Yao Jian, a Commerce Ministry spokesperson posted the department’s reaction to the events on the ministry’s website:
“China has repeatedly expressed its opposition to foreign governments’ using safeguard clauses to launch investigations of Chinese products. The decision does not conform to objective facts, and also violates relevant World Trade Organisation rules in addition to U.S. law. We hope the U.S. will fully consider the actual situation of this case and proceed from the overall interests of the two countries’ industries,” Yao said.
Reuters reports that lawyers acting on behalf of Chinese manufacturers are arguing that US companies’ neglect of the low range market had occurred before they moved into the marketplace. The news organisation also notes that the complaint, which originated from the United Steelworkers, had not been voiced by US tyre producers.