WTO ruling China loses tire special Insurance Ministry says it will appeal

The Ministry of Commerce said it would lodge an appeal in time to safeguard the interests of the Chinese industry journalists 辜璟, the head of the Ministry of Commerce, said today that the WTO ruled the United States won tire special insurance case.　　He noted that China is deeply concerned about the possible negative impact 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. On 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 officials said the US side's special insurance measures for Chinese tyres have been widely criticized for passing protectionist measures against domestic political pressure and for not complying with WTO rules.　　It has been proved that the safeguard measures are neither in China's interests nor in the interests of the U.S. side. Since the implementation of the 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 in the field of employment, leading to some small and medium-sized tire wholesalers closed. The measures also increase the financial burden on 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. Although tyre prices are also affected by other factors, such as rubber costs, the imposition of tariffs is clearly an important reason for tyre prices.