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

Discount Tire strikes sponsorship deal with the Los Angeles Angels

The sponsorship will run for the entire 2024 season in conjunction with the Los Angeles Angels.

Discount-Tire-LA-Angels

Discount Tire & Service Centers has a new sponsorship deal with the Los Angeles Angels for the 2024 season. Discount Tire said this partnership will not only benefit its customers with season-long promotions and giveaways but will also support local non-profits.

"We're thrilled to launch this strategic partnership with the Los Angeles Angels," said Sergio Andonian, president, Discount Tire & Service Centers. "As neighbors, from Anaheim, we are dedicated to serving our local communities and providing quality tire & automotive service at the most competitive prices. Together, we look forward to making a positive and lasting impact in the communities. Add baseball to the mix, and with this winning combination, the possibilities are endless."

Goodyear names new Americas unit president

Ryan Waldron joined Goodyear in 2003, serving in leadership roles in finance and supply chain for multiple North America business areas.

Goodyear-Ryan_Waldron
Cosmo Tires to include 40,000-70,000 mileage warranty on all PLT tires

Cosmo will continue its portfolio expansion later this year when it launches its new Gripit X/T, Rockit R/T, and Cosmo Kurrent.

PLT-TIre-Fitments-Sourcebook
Yokohama Rubber holds groundbreaking for Mexico tire plant

The facility is set to begin production in early 2027 with a planned annual output of five million tires.

Yokohama-Mexico-Groundbreaking-event
TIA chooses Planet Hollywood for SEMA pre-show events

TIA’s pre-show events, encompassing the annual membership meeting and cocktail reception, will happen at Planet Hollywood Resort & Casino.

Dick-Guck-TIA-SEMA-Press-Conf

Other Posts

RNR Tire Express honors the legacy of franchisee Richard Rose

Rose was posthumously awarded with the franchise’s second-ever Lifetime Achievement Award.

RNR-Tire-Richard-Rose
McCarthy Tire Service earns gold in Best of the Best contest

The company secured gold awards in four categories, including Best Employer, Best Auto Repair, Best Car Wash and Best Auto Detail.

award-stock
Continental Tire discusses how prioritizing dealer feedback maximizes profits

Continental Tire executives talk about the status of the PLT tire market, the company’s strategic balance between OE and replacement tire offerings, and more.

conti-Combo-1400
Anyline secures funding from Austrian agency for AI development

Anyline received around $2.86 million to fund research and development of Closed Loop Training for artificial intelligence models.

ANYLINE-AI-stock