|
|
|
Court backs stripping Chinese tire import duties
Headline News |
2011/12/21 10:37
|
An appeals court has ruled that Chinese-made goods shouldn't be subject to certain kinds of import duties imposed by the U.S. Commerce Department.
The U.S. Court of Appeals in Washington upheld a ruling Monday that the duties, called countervailing duties, can't be applied to Chinese-made goods because it doesn't have a market economy. Chinese goods are still subject to anti-dumping duties.
Chinese tire makers GRX International Tire Corp., Hebei Starbright Tire Co. and Tianjin United Tire amp; Rubber International had challenged the imposition of countervailing duties.
Countervailing duties are intended to tax items whose sale price when exported is subsidized by a company's home government.
The Commerce Department sought to impose the duties in 2007. The court ruled that congressional moves in 1988 and 1994 barred them. |
|
|
|
|
|
Legal News RSS Feed
