China Reacts to Duties Ruling - Tire Review Magazine

China Reacts to Duties Ruling

The Chinese tire industry has voiced its concerns regarding the Commerce Department’s recent ruling – a 15.69% preliminary countervailing duties on consumer tires produced in China and exported to the U.S. According to China Daily Information Co., the China Rubber Industry Association is urging the U.S. government to take measures against the anti-dumping and countervailing duties imposed on tires earlier this week. People-Republic-China-RS

Fan Rende, honorary chairman of the China Rubber Industry Association, said, “The U.S. move is only an attempt to further cut Chinese tire producers’ market share in the U.S. and it could encourage other countries or regional organizations such as the European Union, Japan and India, to take similar measures to reduce their trade deficits with China.”

The association is currently discussing solutions and plans to appeal to the U.S. government to take measures to protect the interest of Chinese tiremakers.

Zhao Ying, a researcher at the Institute of Industrial Economics of the Chinese Academy of Social Sciences in Beijing, said: “Most of the Chinese exports are low-end tires and do not endanger the U.S. industry. Chinese tire manufacturers who plan to seek legal redressal for their problems will find it an expensive affair. Small- and medium-sized Chinese tire makers will lose their access to the U.S. market because they are incapable of paying the huge duties demanded by the U.S. government. It will also be difficult for large Chinese companies to make profits by selling to the U.S. market.”

Still to come is a determination of anti-dumping duties, which is due Jan. 21, 2015. According to China Daily Information Co., if the U.S. confirms both duties, the Chinese government could challenge it through the aegis of the World Trade Organization.

You May Also Like

Hankook Tire debuts Great Catch Rebate through July 7

Drivers who purchase at least four tires from eligible lines will qualify for savings of up to $120.

2024-Great-Catch-Rebate-1400

Hankook Tire has announced its first consumer promotion of the year, the Great Catch Rebate, running now through July 7. Twelve of Hankook’s EV, passenger, light truck and SUV tires headline this promotion. Drivers who purchase at least four tires from eligible lines will qualify for savings of up to $120.

GT Radial Formula Drift team welcomes 14-year-old driver

Minowa, who will be the newest and youngest driver in the Formula Drift 2024 pro season, will be debuting with Team Jerry Yang Racing.

GT-Radial-FD-Driver-Hiroya-Minowa
TIA is now accepting nominations for open board of directors positions

The newly-elected board members will serve three-year terms with the potential for re-election to two additional terms.

OTR-Conf---DIck-Gust-1400
Professional race car driver to compete on Bridgestone Potenza RE-71RS tires

Tom O’Gorman will compete on Bridgestone Potenza RE-71RS tires in the World Racing League Grand Touring Over class during the 2024 season.

Kumho Tire becomes an Official Tire of Formula DRIFT

As part of the sponsorship, Kumho Tire will receive a significant footprint at each of the eight Formula DRIFT events in the 2024 series, including track signage and activation during race weekends.

Kumho_Tire_USA_Formula-DRIFT-sponsorship-1400

Other Posts

Discount Tire acquires six Suburban Tire Auto Repair Centers

The six locations in the Chicago area will continue to operate under the Suburban Tire Auto Repair Centers brand name.

Suburban-Tire-Discount-Tire
Sun Auto Tire & Service expands Texas store count

The company has acquired Carrollton Complete Automotive, which offers a range of automotive services.

Sun-Auto-Carrollton
Yokohama Rubber to supply its BluEarth-XT AE61 as OE on Toyota’s Yaris Cross

Yokohama Rubber said the BluEarth-XT AE61 is a summer tire developed specifically for use on crossover urban SUVs.

Yokohama-BluEarth-OE
AACF launches anniversary fundraising initiative

Running through July 1, this campaign aims to raise $65,000 through 1,000 donations of $65 each.

AACF-65th-logo