The United States no longer imposes "double taxation" on Chinese steel wheels

The first “double-antisense” investigation case initiated by the United States on China’s auto parts products—the steel wheel “double anti-survey” has finally brought about results, and China has won a rare victory.

The U.S. International Trade Commission issued an announcement saying that “the final ruling on anti-dumping and anti-subsidy industry damages was made on steel wheels originating in China, and six members voted in unanimously that the dumping and subsidy activities of the products involved did not create realities in the U.S. domestic industry. The threat of sexual damage or substantial damage.”

Last year on March 30, 2011, related industries in the United States filed an application for a “double reverse” investigation on China’s steel wheel products exported to the United States. The survey products included 18 to 24.5 feet of steel hubs and rims. On September 6, 2011, the US Department of Commerce initially decided to pay a countervailing duty deposit for all products involved in the United States at the respective tax rates of the exporters. On March 19, 2012, the U.S. Department of Commerce issued a ruling on the “double reverse” case of Chinese steel wheels and decided to charge a high punitive tariff.

However, less than a month later, the announcement made by the US International Trade Commission spared China’s steel wheel industry a hard time. “As long as one of the two departments gives a negative judgment, punitive tariffs cannot be established.” Any Weiwen, director of the China-U.S.-Europe Centre for Strategic and Economic Research at the China Institute of International Trade, said that according to the latest results of the US Trade Commission, China’s steel hubs will not The United States continues to impose "double taxation."

As a result, the chief executive who participated in the respondent breathed a sigh of relief. Chen Kangren, president of China Automotive Parts Industry Corporation, once said that “for a long time the price of our export products has been very low, coupled with the rising exchange rate of RMB, and the harsh export environment. Profits are already approaching the freezing point. If sanctions are taken again, the difficulty of developing trade with the United States will increase further."

Chen Kangren told the "Daily Economic News" reporter, "A very important reason for the United States to change its decision is that the Chinese government has given a certain amount of pressure. At the same time, the United States is also considering the export of its own parts and components companies to China." From the point of view of China's current export structure of auto parts, the hub only occupies a very small proportion. The largest number of exports is tires and fasteners, and the product value and technical content are not very high. However, the U.S. exports to China are high value-added electronic products. "The U.S. is therefore also creating favorable conditions for the export of domestic components to China."

The former senior engineer of the China Association of Automobile Manufacturers Expert Committee Rong Huikang told the reporter of the “Daily Economic News” that “China-US trade has been of vital importance to both parties since the beginning of this year. And China has first made it clear that it will give tax rates to US imports into China. With the preferential treatment, the United States’ cancellation of punitive tariff measures on China’s export of steel wheels to the country is one of the important manifestations of trade reciprocity between the two countries.”

However, He Weiwen told the reporter of the “Daily Economic News” that this is just a case and does not mean that the protection of US trade with China is declining. In the second and third quarters, with political and economic factors such as the coming of the United States presidential election, it is estimated that U.S. trade remedy will still be very frequently.

He Weiwen said that President Barack Obama signed H last month. R. Act 4105 authorizes the U.S. government to impose countervailing duties on non-market economy countries including China. This cleared up legal obstacles to the "double reaction" against Chinese products.

“The trend of quantitative protectionism for Chinese goods in the United States is very clear, that is to say, regardless of whether Chinese products actually have subsidies and dumping behaviors, as long as there are a large number of US-made products, they tend to launch trade remedies to sanction China.” said He Weiwen. .