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CCCMC welcomes the no injury determination made by USITC concerning truck and bus tires imports from China

Source:CCCMC Published:2017-02-23 Editor:

On Feb. 22nd, 2017(local time), commissioners of the US International Trade Commission (USITC) voted on the material injury issue in the final phase of the anti-dumping and countervailing duty investigations concerning truck and bus tires imports from China with a result of 3:2 for no injury to the US tire industry. Finally, USITC determined a U.S. industry is not materially injured or threatened with material injury by reason of imports of truck and bus tires from China that the U.S. Department of Commerce has determined are subsidized and sold in the United States at less than fair value. CCCMC and China’s tire industry welcome the determination.


The relevant evidence indicates that the US truck and bus tires industry performs well. The net profit of the US producers filled in the questionnaire increased from 705 million USD to 716 million USD, accounting for 18.3% of the turnover instead of 16.5%, the cash flow increased from 809 million USD to 842 million USD, and the ship volume increased from 11.79 million tires to 12.08 million tires. The overall performance of the US tire industry is much better than the other industries of the United States. Due to the robust demand, US producers have been doing large-scale fixed assets investments to expand production capacity. However, the related labor union of the United States ignored the facts, obstinately filed an anti-dumping and countervailing duty petition against truck and bus tires imports from China, accusing China of doing material injury to the US tire industry. It is in fact an attempt of the US petitioners to hinder the fair competition of the Chinese tires in the US market with trade protectionist measures and abusing the relevant law. The negative determination made by the USITC is objective and just, which is based on facts and strictly in line with the relevant law of the United States. 

This case has drawn high attention from the China and US tire industry. CCCMC has been leading in the responding to and following of the investigations since its initiation. CCCMC firmly believes that China’s tire industry has been conducting production and marketing activities fully in accordance to the law of the market, and has exported to the US market based on the demand of US market. Therefore, there are no “dumping” and “subsidies”, and no injury to the related industries of the United States. We hope the US and Chinese side could join hands in cooperation, respect international trade rules, and make concerted efforts in sustaining the growth of bilateral trade and investments, addressing issues of common concern and promoting the prosperous development of global trade.

 

 

China Chamber of Commerce of Metals, Minerals & Chemicals Importers & Exporters

Feb. 23rd, 2017