China’s special tire protection program was rejected or rejected

According to reports, on the morning of September 3, Beijing time, the U.S. Trade Representative’s Office submitted the final proposal report on the Chinese special tire insurance program to U.S. President Barack Obama. According to the original arrangements, Obama will make the decision between September 3 and September 17. Final instructions. Informed sources revealed that Obama is more likely to veto a special security case.

According to Xu Wenying, an important negotiator of the two hearings of the Deputy Secretary-General of the China Rubber Industry Association and the China-US Tire Special Safeguard Case, more than a dozen officials from the Ministry of Commerce, including Vice Minister of Commerce Zhong Shan and Chairman of the China Rubber Industry Association Fan Rende and China Rubber Cai Weimin, secretary-general of the Industry Association’s tire branch, went to the United States last weekend to make final mediation with U STR and other US related agencies.

According to the circumstances of the previous two hearings, although the implementation of the special security case is unlikely, the results have not yet come out. If the worst is the case, the tire company may be forced to carry out product structure adjustment or industrial transfer. .

In fact, if China’s special tire protection program is passed, the interests of many parties will be damaged. The US Tire Free Trade Association estimates that once the special security case is implemented, nearly 25,000 people will be unemployed in the field of tire distribution and retail sales, which will seriously damage the interests of the US tire distributors and retailers. As far as China is concerned, China’s tire export volume to the United States is likely to experience the first negative growth since the reform and opening up in the whole year. Once the special security case is passed, Chinese tires will have to exit the US market and nearly 100,000 domestic industrial workers will be affected. In addition, if Obama opens "Pandora's box," Sino-US trade will add more variables in the future.

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