Ministry of Commerce regrets the results of U.S. tire Special Insurance case

The WTO dispute Settlement Body issued a report on tire special Insurance Expert Group reports the Ministry of Commerce concerned responsible for the results of the verdict expressed regret this newspaper Beijing, December 14 (reporter Cui Peng) reporter learned today from the Ministry of Commerce: December 13, The WTO dispute Settlement body circulated to WTO members the report of the Expert Group on China's WTO dispute over the U.S. tyre safeguard measures. The Panel has not ruled that the US-specific measures taken against China's U.S. tyre exports violate WTO rules.　　The head of the Law division of the Ministry of Commerce has expressed regret over the ruling and noted that China is deeply concerned about the possible negative effects of the expert group's ruling and will carefully study the report of the Panel and appeal in due course to safeguard the legitimate rights and interests of the Chinese industry. The official said that the U.S. side of the Chinese tyres adopted by the special safeguard measures to pass domestic political pressure to take protectionist measures, not in line with WTO rules, has been widely criticized. It has been proved that the safeguard measures are neither in China's interests nor in the interests of the U.S. side. It is reported that since the implementation of special insurance measures, the U.S. tire industry's employment rate has not risen. Overall employment in the tire manufacturing sector fell 10% from a year earlier in 5 months, according to the U.S. Bureau of Labor Statistics.　　This has also reduced the U.S. domestic tire circulation of jobs, leading to the closure of some small and medium-sized tire wholesalers. The measures have increased the financial burden of low-income consumers in the US. The average price of American tyres has risen 10% to 20%, according to data from some agencies in the United States.