Tire Tariff Fallout May Be Limited

China on Monday called for talks over the China-U.S. trade dispute in a sign the disagreement may be containable, as evidence emerged that the economic value of the affected sectors is relatively small.

China's Ministry of Commerce is referring the U.S. move to levy punitive import duties on Chinese tires to the World Trade Organization, ministry spokesman Yao Jian said. "China's move to seek consultations with the U.S. is a legitimate act in line with a WTO member's rights and a practical step to protect one's own interests," he said in a statement on the ministry's Web site.

China's rapid action in taking the case to the WTO highlights the continued trade tensions between the two nations, but also that China is eager to keep the dispute within the framework of international law.

Read Full Article from Wall Street Journal

- Posted: 2009-09-14 12:17:36

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