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The US International Trade Commission announced on June 18 that the proliferation of low-priced tires imported from China has caused producers of similar products in the United States to suffer losses of up to 1.7 billion U.S. dollars, disrupting the U.S. market. On June 29th, ITC announced the recommendations on relief measures for tire special protection cases. On the basis of current import tariffs (3.4% to 4.0%), China’s tires for passenger cars and light trucks in the United States will be added for three consecutive years. Special ad valorem tariffs of %, 45%, and 35%. An industrial delegation composed of the China Rubber Industry Association arrived in the United States on the 4th and will attend the hearing held by the U.S. Trade Representative on August 7. Today, Fengbaoping, head of the import and export department of Fengshen Tyre Co.
Lu Baoping informed that “Aeolus Tire's tire protection products are mainly related to light-duty tires, and the export volume involved is about 10,000, and the total amount is 1.5 million US dollars. At present, we are not affected greatly, but if Once implemented, the proposal will have an impact on the company's future production and operation. Originally, the export volume of enterprises this year will increase slightly compared to last year. Once the US International Trade Commission’s recommendations are implemented, we cannot imagine the export situation in the second half of the year. "At present, domestic tire companies mainly supply the low-end market for American automobiles, while similar products produced in the United States mainly supply high-end markets."
Lu Baoping believes that "in fact, there should be no direct competition between the two products. The reason given by the US International Trade Commission is very far-fetched and it is extremely unfavorable to the development of such enterprises.
View related topics: China and the United States tire special security case