WTO rules against China in dispute over tyre exports to US
The World Trade Organization has rejected China's complaint against punitive US tariffs on Chinese tyre imports, according to a landmark dispute ruling released on Monday.
"We find that in imposing the transitional safeguards measure on 26 September 2009 in respect of imports of subject tyres from China, the United States did not fail to comply with its obligations," the ruling by the WTO disputes settlement panel said.
US President Barack Obama invoked a safeguard clause in the Asian giant's WTO accession agreement to impose punitive duties of 35 percent on imports of Chinese tyres.
That prompted China to lodge a complaint with the global trade watchdog about the move.
© 2010 AFP