The U.S. government recently decided to impose punitive tariffs on all cars and light truck tires imported from China irrespective of strong opposition from China and U.S. businesses, that is, on the basis of the original tariff of 4%, to impose additional charges for the next three years35 %, 30% and 25% additional duties. This special safeguard will take effect on September 26th. On September 14, the Chinese government officially initiated the WTO dispute settlement procedure on the special safeguard measures for the United States to restrict Chinese tire imports. The Chinese Permanent Mission to the WTO stated in a statement that the Chinese side formally requested consultations within the framework of the WTO Dispute Mechanism on the relevant US measures on that day. The Chinese side's request for consultations with the United States is a legitimate move to exercise the rights of WTO members and is an effective action to safeguard their own interests. The request for consultation is the first step in the WTO dispute settlement process. The consultation period is generally 60 days. If the dispute cannot be resolved through consultations, the Chinese side has the right to take the second step, that is, to require the WTO to set up an expert group to investigate and decide on the US measures. The Ministry of Commerce and the Ministry of Industry and Information Technology jointly held a briefing in Beijing yesterday to inform the relevant domestic associations and tire manufacturers of the United States' application of tire special protection measures to China. At the meeting, Vice Minister of Commerce Zhong Shan said that the government will do its best to help companies involved to weather the storm. Zhong Shan stated that since the United States launched a special safeguard investigation on Chinese tires in April 2009, the Chinese government has initiated a multi-level and comprehensive response. However, the U.S. government was forced by domestic political pressure to put forward high prices beyond the tire products during the negotiations. This is unacceptable to the Chinese side. The U.S.-financed special subsidy rate, although lower than the proposed rate proposed by the U.S. International Trade Commission, remains a serious trade protectionism and is firmly opposed by China. The participating companies expressed their support and gratitude for the efforts made by the Chinese government in responding to this case, and stated that they will work hard to overcome difficulties, accelerate the transformation of the structure, and realize the sustainable development of the company. Gasoline Engine Wear Repair Agent Gasoline Engine Wear Repair Agent,Repairing Agent For Engine Wear,Diesel Engine Wear Repair Agent,Motor Engine Wear Repair Agent Ningbo Hangtai Environmental Protection Technology Co., Ltd , https://www.nbhangtaikj.com