【CNN 09.9.12】Obama to add tariffs to some Chinese tire imports

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Obama to add tariffs to some Chinese tire imports
September 12, 2009 -- Updated 0631 GMT (1431 HKT)

http://edition.cnn.com/2009/WORLD/asiapcf/09/12/us.china.tires/index.html


The White House announced plans to impose tariffs on some tires entering the United States from China.

WASHINGTON (CNN) -- President Obama will place tariffs onimports of some Chinese tires for three years in an effort to curb asurge in exports that has rocked the U.S. tire industry.

The new tariffs will be on passenger car and light truck tires, the White House said in a statement Friday night.

"The president decided to remedy the clear disruption to the U.S. tireindustry based on the facts and the law in this case," the statementsaid.

The tariffs will start at 35 percent in the first year,then would decline to 30 percent in the second year and 25 percent inthe third.

   
Chinese leaders have in the past expressed displeasure about a possible tire tariff.

"We hope the U.S. government will refrain from taking action, for thelong-term healthy and stable development of U.S.-Chinese relations," FuZiying, China's vice commerce minister, told local media in August.

"The case is neither supported by facts nor does it have valid legal grounds," he added.

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