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You are here: Home1 / imports

Imports

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China cancels preferential tariffs on import tyre products

International News

On 28 December 2022, the Customs Tariff Commission of China’s State Council issued an announcement stating that from 1 January 2023, import tariffs on some commodities will be adjusted. In 2023, the products that can still enjoy preferential tariffs are retreaded tyres for aircraft. As in the previous year, such products will be subject to a provisional import duty of 4 per cent. Under normal circumstances, Chinese customs should impose a 20 per cent tariff on retreaded tyres for aircraft.

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  1. Why are ocean freight rates rising sharply?
  2. Sameer’s Yana Tyres Struggling to Take Off
  3. ETRMA ‘surprised’ by TWG speech
  4. Amiens closure is inevitable, so what’s it mean for the rest?
4th January 2023/by Xuda Wang

Synthos welcomes USITC ruling on Czech Emulsion Styrene-Butadiene rubber

International News

On 8 December 2022, the United States International Trade Commission (USITC) determined that imports of emulsion styrene butadiene rubber (ESBR) from the Czech Republic were not sold in the United States at less than fair value (LTFV) and, consequently, no industry of the United States is materially injured or threatened with material injury from them.

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Related news:

  1. Omsk Carbon USA appoints new manager
  2. Birla Carbon North America increases prices
  3. Asahi Kasei opens Michigan office
  4. ISCC Plus certification for Firestone Polymer facility
9th December 2022/by Chris

Chinese tyremakers encouraging European customers to claim back truck tyre tariff payments

Editorial/Comment, International News

On 4 May 2022 the European Court of Justice ruled that anti-dumping and anti-subsidy tariffs imposed against Chinese produced truck tyres in 2018 must be annulled. We take a close look at the ruling and the immediate impact on retreaders and Chinese tyremakers alike from page four of June’s bilingual Retreading Special supplement onwards. But what about the tariffs charges that have already been paid? And what about the ongoing impact of the tariff annulment?

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Related news:

  1. US Imposes 35% Tyre Tariff, China Plays Chicken
  2. TRIB testifies at US tariff hearings
  3. 2018 has been ‘Up in the air’
  4. Have the truck tyre import tariffs ‘worked’?
10th June 2022/by Chris

UK government blocks Russian and Belarussian tyre, rubber product imports with 35% tariff increase

Company News, International News, Retreading, UK News
Igorn; Pixabay

On 25 April 2022, the UK Government announced a further tranche of trade sanctions against Russia. The new sanctions, which were introduced by International Trade Secretary Anne-Marie Trevelyan and Chancellor of the Exchequer Rishi Sunak, include import bans on silver, wood and high-end products like caviar. At the same time, the government has raised tariffs by 35 percentage points on items from Russia and Belarus, including diamonds and “rubber products”. Additional duties of 35 per cent were already introduced on “new pneumatic tyres, of rubber” on 25 March 2022.

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Related news:

  1. Sanction-hit tyremaker Belshina patriotic amid war in Ukraine
  2. Ukraine war’s impact on global tyre-makers acute for Nokian, manageable for others
  3. New UK Global Tariff sees tyre duty reduced from 4.5% to 4.0%
  4. Nokian moves selected tyre production out of Russia
25th April 2022/by Chris

How Wheelwright is coping with the new normal

Company News, International News, UK News
Wheelwright

While almost every automotive business has been affected by current world events, for wheel manufacturers, a ‘perfect storm’ of global trading conditions has created a challenging trading period. Tyres & Accessories recently heard from Dave McMillan, sales director for Wheelwright, one of Britain’s longest standing manufacturer and retail names, who gave us an insight into how the company is coping with a new raft of logistical and financial travails.

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Related news:

  1. Wheel Manufacturing in the UK
  2. Alcar takes over DBV Würzburg GmbH
  3. Wheelwright sold in management buyout
  4. New Calibre alloy wheels from Wheelright
14th October 2021/by Chris

Why are ocean freight rates rising sharply?

International News
shipping containersPexels

A shortage of shipping containers and essential equipment at Chinese ports, exacerbated by fluctuating international trading environments in the Covid pandemic, has meant inflation in international shipping rates. In November, rates for transporting containers between China and the east coast of the USA increased to $4,750 per container, 42 per cent up on July rates, according to RefinitivEikon data. The cost of shipping from China to the US west coast has increased 50 per cent to $3,878 per container. Europe’s Shanghai Container Freight Index (SCFI) spot rate index has risen sharply, with Northern Europe rates up 21 per cent and Mediterranean rates up 23 per cent, rates that have not been seen since the beginning of 2014. According to Trojan, a tyre marketing agent headquartered in Qingdao, China, shortages have worsened recently. This busy period for Chinese exports could see deficits continue to deepen into the New Year, meaning further price increases.

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  1. Tyre importers should plan for lack of space on ships and freight increases
  2. New brands, sizes and markets – growth at Deldo a three-pronged approach
  3. Coronavirus creates shipping problems for tyre importers
  4. Amiens closure is inevitable, so what’s it mean for the rest?
18th December 2020/by Andrew

Tyre importers should plan for lack of space on ships and freight increases

International News, UK News
Matthew Cassidy on Unsplash

Back in April, Tyres & Accessories spoke to leading supplier of freight forwarding services to the UK tyre sector, Maritime Cargo Services about the perfect storm of circumstances complicating life for tyre importers. Then it was difficult to anticipate the logistical problems the industry would face by the end of the first quarter – at least far enough ahead to sidestep the issues entirely. Even armed with the expectation of disruption, the pressure has built at British ports throughout the year, especially in the last quarter as Covid began to spike again. As a result, Honda UK’s suspension of production became a high-profile symptom of the catalogue of issues causing bottlenecking and ultimately delays in the supply chain. With the end of the Brexit transition coming amidst the second spike of Covid-19 transmissions on 31 December, T&A asked MCS again about what difficulties distribution businesses need to plan for this winter.

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Related news:

  1. Coronavirus creates shipping problems for tyre importers
  2. New UK Global Tariff sees tyre duty reduced from 4.5% to 4.0%
  3. Port problems cause Honda Swindon shutdown, pressurise UK tyre supply
  4. Conditions ripe for European trade barriers?
17th December 2020/by Andrew

Chinese tyre import share rises above 50% in declining European market

Company News, International News, Premium, Product News
Linglong

China accounted for more than half of all passenger car and light truck (PCLT) tyres entering the European Union and the United Kingdom for the first time during the first eight months of 2020. Comparatively, the then 28 EU nations imported 105 million passenger car and light truck (PCLT) tyres from outside the region in the same period of 2019.* The major impact on tyre demand of the coronavirus pandemic, as well as varying degrees of disrupted production, led to the EU-27 and UK together importing 21 million fewer tyres in the corresponding period of 2020, a reduction of 20 per cent. The Eurostat and HMRC data was compiled by leading data analyst Astutus Research.

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Related news:

  1. Re-globalisation of the international tyre market?
  2. EU makes final truck tyre anti-dumping duties decision, retains fixed rates for manufacturers
  3. Pearls of the Orient
  4. Emissions inspections push Chinese tyremakers to the brink
23rd October 2020/by Andrew

Iran’s tyre manufacturing output refocuses on heavy tyres

International News, Premium
MohammadAli Dahaghin; Unsplash

The tyre manufacturing output of Iranian factories increased 26 per cent in the first five months of the current Iranian calendar year (1399 and specifically the period between 20 March and 21 August 2020) compared with the same period last year. Such growth is consistent with the Iranian tyre industry’s 10-year plan to double in size by 2025, which was publicised in 2015. And it also corresponds to earlier optimism related to Iranian tyre market growth, but what do the latest figures tell us about the product mix of the Iranian national tyre production base?

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Related news:

  1. Iranian tyre industry aiming to double in size by 2025
  2. Iranian tyre manufacturers optimistic about export future as sanctions ease
  3. Report: Passenger car tyres dominate Iran with 70% market share
  4. Iranian Tyre Industry Looks to Global Players
23rd September 2020/by Chris

New UK Global Tariff sees tyre duty reduced from 4.5% to 4.0%

Company News, International News, Legislation, UK News
shipping containersPexels

The UK Department for International Trade has announced a new UK Global Tariff (UKGT). Announced on 19 May 2020, this replaces the EU’s Common External Tariff on 1 January 2021 at the end of the Brexit Transition Period. As it pertains to the tyre business, while there are various categories, the announcement basically means the new UKGT sees tyre duty reduced from 4.5% to 4.0%. Camel back rubber for use in retreading stays at 0%, while duties cushion industrial tyres are reduced to 2.0% from 2.5%.

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  1. What cabinet reshuffles and a UK-China free-trade deal might mean for the tyre industry
  2. EU publishes definitive anti-subsidy and updated anti-dumping rates
  3. 2018 has been ‘Up in the air’
  4. Truck tyre tariffs to end Chinese import tsunami
19th May 2020/by Chris

China now in 3rd place as source for EU truck tyre imports

Premium, Product News, UK News

In previous features on commercial vehicle tyres, Tyres & Accessories has noted the varied effects European Union tariffs on product manufactured in China have had on the market. Questioning whether the tariffs have “worked” is a complex question, because their effect on new tye segmentation and retreads have been varied across Europe’s major markets. Truck tyre markets in France and Germany reacted in very different ways to the UK, at least partially because the latter market was contracting anyway.

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  1. US Companies Asked to Provide Details of Recalled Tyres
  2. Bridgestone staying strong in a growing truck tyre market
  3. Giti releases details of 6 Giti-branded tyres on CV Show 2017 stand
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4th March 2020/by Andrew

Brexit, the continuing saga

Editorial/Comment, International News, Premium

We were told that 29 March was the Brexit deadline. As we go to press in the week after that deadline passed, it is clear that we don’t know either when or how we are going to Brexit. As we discussed last month, the consensus amongst analysts and the automotive industry is that there will be a massive negative impact on vehicle manufacturing (and therefore automotive suppliers) in the UK. But what else do we have to look forward to?

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  1. What to do about the EU?
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5th April 2019/by Chris

TRIB testifies at US tariff hearings

International News, Product News

The Section 301 Committee of the Office of the US Trade Representative (USTR) is holding hearings at the US International Trade Commission as part of a consultation process ahead of proposed import duties on certain Chinese produced tyres.

Read more

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  1. With Chinese input Prices on the Up Could there be a Retread Renaissance?
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21st August 2018/by Chris

Moody’s: US auto parts tariffs credit negative for suppliers

Company News, International News

The US imposing tariffs on imported vehicles and auto parts would be broadly credit negative for parts manufacturers that are part of a global supply chain, Moody’s Investors Service says in a new report. Even so, the financial impact to the auto industry stemming from the proposed tariffs — contemplated at up to 25 per cent for imported vehicles and parts — will mainly depend on the extent to which auto parts suppliers’ operations are spread out through the world and their products imported back to the US.

Read more

Related news:

  1. US Imposes 35% Tyre Tariff, China Plays Chicken
  2. China’s Vehicle Imports Up 72 per cent
  3. GITI Tire Issue Completed
  4. EU publishes definitive anti-subsidy and updated anti-dumping rates
15th August 2018/by Chris

Emissions inspections push Chinese tyremakers to the brink

Editorial/Comment, International News, Premium, UK News

With a headline like that, you could be forgiven for thinking that this month’s column refers to the ongoing geopolitical sabre rattling taking place between China’s North Korean neighbours and the USA. However, as important as the hint of nuclear escalation is, here we focus on how the overheating Chinese tyre market is as close as it has ever been to boiling over. Two key subjects have raised the temperature in the People’s Republic during the last month or so: The European Commission’s (EC) decision to initiate an anti-dumping investigation against Chinese-produced truck and bus tyres; and the even more imminent effects of local environmental emissions investigations within China itself, which have led to the suspension and even closure of numerous businesses in the country (see below).

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Related news:

  1. Tyre production in China – where are the ‘tier one’ manufacturers?
  2. Bucking the trend: how UK retreaders like Bandvulc are navigating market storms
  3. Aeolus continues to rise in Chinese tyre market
  4. Chinese Manufacturers Focus on OTR Tyres
1st September 2017/by Tyrepress Editors
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