You are here: / tariffs

Posts

USA retains duties on PLT tyres

Tyrepress.com / Stephen Goodchild

The USA will continue to apply anti-dumping and countervailing duties to passenger vehicle and light truck (PLT) tyres from China. The U.S. International Trade Commission (USITC) decided against ending the charging of duties, which have applied to these products since 2015, after determining that doing so would “likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.” Unsurprisingly, the United Steelworkers union applauds the decision.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. USA: No antidumping and countervailing duties on Chinese truck & bus tyres
  2. Chinese truck/bus tyres: US court partially rejects determination
  3. US imposes Chinese tyre import tariffs
  4. USA sets final duties on CV steel wheels from China
/by

Vietnam-based tyremakers could be “cleared” by US anti-dumping investigation

,
Ministry of Industry and Trade of the Socialist Republic of Vietnam [MoIT

Vietnamese officials have interpreted the US Department of Commerce (DOC) anti-dumping investigation preliminary conclusions as “very positive” for Vietnam-produced car tyres. There was even hope that cooperative Vietnam-based tyre manufacturers Local newspapers read this mean Vietnamese tyre factories had been “cleared” by the investigation.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. Chinese tyre makers off-shoring in Southeast Asia
  2. Zhongce Rubber enters global top ten tyre manufacturers
  3. 19 finalists chosen for 2015 AutoBild winter tyre test
  4. US imposes Chinese tyre import tariffs
/by

SMMT: Deal with EU necessary to support green momentum

The Society of Motor Manufacturers and Traders (SMMT) has again urged both sides to re-engage the Brexit negotiation process with vigour in order to achieve a satisfactory deal. Bringing its latest calculations to the table, the industry association stresses that ‘no deal’ is a high stake gamble not only for the automotive sector but also for hopes of a green recovery from the coronavirus crisis.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. UK car production down -42.8%, 11,000 jobs lost in coronavirus crisis
  2. Auto analysts comment on ‘perfect storm’ for car sector
  3. UK car manufacturing down 18% in October
  4. UK car production falls 14.2 per cent in 2019
/by

Auto analysts comment on ‘perfect storm’ for car sector

,
SMMT

Car industry analysts have outlined the compound challenge facing the UK’s car sector following the publication of the Society of Motor Manufacturers and Traders’ half-year figures. The stats show that the first half of 2020 yielded the lowest level of UK car manufacturing since the 1950s. Edwin Kemp, head of automotive strategy at KPMG, commented that the SMMT’s June 2020 new car manufacturing analysis is a harbinger for businesses’ likely descent into insolvency throughout the automotive supply chain. Peter Barnes, head of automotive at global legal business, DWF, added that the challenges facing the UK automotive industry add up to a perfect storm for the sector.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. UK car production down -42.8%, 11,000 jobs lost in coronavirus crisis
  2. SMMT: Deal with EU necessary to support green momentum
  3. British car manufacturing in decline, based on sustained domestic demand fall
  4. Brexit planning nearly halves UK car production
/by

UK car production down -42.8%, 11,000 jobs lost in coronavirus crisis

,
SMMT

UK car manufacturing output declined -48.2 per cent in June, Society of Motor Manufacturers and Traders figures reveal. Only 56,594 units were produced in the month. The SMMT revealed that the 381,357 cars produced in the first half of 2020 represent the weakest six months of UK manufacturing since 1954. This is -42.8 per cent down on 2019’s first half, with more than 285,000 units fewer produced. 11,349 jobs have been lost across manufacturing and retail during the pandemic. The SMMT warns that the fear of Brexit tariffs could endanger more jobs without dedicated restart support. The society called for greater urgency in talks to secure an ambitious free trade agreement with the European Union. Its latest survey data shows nine in 10 firms are missing clarity of information to allow them to prepare for the end of the transition to the new ongoing relationship between the UK and EU.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. Auto analysts comment on ‘perfect storm’ for car sector
  2. SMMT: Deal with EU necessary to support green momentum
  3. Brexit planning nearly halves UK car production
  4. UK automotive production drops again as investment dries up
/by

Indian government moves to restrict tyre imports

India officials have announced restrictions on imports of passenger car, two-wheel, truck and bus tyres in a bid to help boost domestic tyre
manufacturing.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. Lower material costs help MRF double net quarter profits, despite Chinese competition
  2. Tariff time again, but will they make a difference?
  3. India introduces Chinese anti-dumping tariffs
  4. US imposes Chinese tyre import tariffs
/1 Comment/by

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

, , ,
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%.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  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
/by

Confirmed UK-EU trade barriers ‘worrying for UK auto industry’, says GlobalData

,

Government cabinet minister Michael Gove has confirmed that trade barriers will be imposed between the UK and the EU post-Brexit, warning businesses to prepare for “significant change.”

Read more

Related news:

  1. Europe’s auto industry faces a tough 2020, says GlobalData
  2. So long, farewell, auf wiedersehen, goodbye EU
  3. New UK Global Tariff sees tyre duty reduced from 4.5% to 4.0%
  4. Carmakers will look to ‘pool’ ahead of tough CO2 emission rules in Europe – GlobalData
/by

Aufine offering Thai-made truck tyres

Chinese tyre maker Aufine is now offering its customers a way to avoid tariffs on commercial vehicle tyres by selling a range produced in Thailand.

Read more

Related news:

  1. Chinese officials welcome US duty decision
  2. Tariff fightback? What importers and associations are doing in response to European anti-Chinese truck tyre duties
  3. Brazil extends Chinese truck tyre anti-dumping tariffs
  4. US puts 10% import tariffs on all Chinese tyres
/by

Sailun Group extends capacity expansion project

,

Sailun Group Co., Ltd. has issued a new timetable for the completion of its project to add capacity for larger rim passenger car and light commercial vehicle tyres at its Dongying factory in China. The self-funded investment to add 15 million units of capacity will now be implemented by December 2020 rather than this year, as originally planned. According to Sailun Group, the level of investment in the project and proposed usage of the funds remains the same.

Read more

Related news:

  1. Sailun investing big in PCR tyre capacity to reach premium OEMs in China
  2. US imposes Chinese tyre import tariffs
  3. US puts 10% import tariffs on all Chinese tyres
  4. Will Europe impose tyre import tariffs?
/by

Triangle moving to make its mark in Europe

, ,

In 2016 Triangle Tyre completed its initial public offering (IPO) on the Shanghai Stock Exchange. Back then Triangle’s top management promised that the company would invest in expanding its position in key markets – including Europe. Sure enough, in 2017 a new European leadership team was appointment and shortly afterwards a new European headquarters was opened in Milan. But around the same time, European anti-Chinese truck tyre import duties were also introduced. For many companies this meant the end of Chinese truck tyre business in tariff areas. So how has Triangle faired in this adverse business climate? Nearly two years after their appointment, Tyres & Accessories caught up with Triangle executives Corrado Moglia, general manager – Europe; Angelo Giannangeli, European marketing director; and Mirco Spiniella, business development director Europe in order to answer that question.

Read more

Related news:

  1. Triangle Tyre appoints new European team
  2. US puts 10% import tariffs on all Chinese tyres
  3. Triangle Autopromotec 2019 product round-up
  4. Have the truck tyre import tariffs ‘worked’?
/by

Have the truck tyre import tariffs ‘worked’?

, ,

The size of the UK truck tyre market by sell-out unit volume fell 9.8 per cent in 2018 set against the backdrop of European import tariffs, according to GfK data presented at Autopromotec 2019. But what do the tell us about the effectiveness of the tariffs?

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. 2018 has been ‘Up in the air’
  2. Fintyre to open London head office
  3. EU publishes definitive anti-subsidy and updated anti-dumping rates
  4. CV trailer market to grow 2% despite weak 1H
/by

Do tariffs and trade wars work?

, ,

At the time of going to press, the President of the United States of America is mid-way through a state visit to the UK. Before he even landed on British soil, President Donald Trump stirred up controversy by tweeting his disparaging thoughts about London Mayor Sadiq Kahn. Whatever view one might hold about the propriety of Trump’s visit, we all know that 31-gun salutes and tea with the queen are about more than niceties. Sure enough less than 24 hours into the state visit, presidential talk turned to trade, with Trump backing out-going Prime Minister Theresa May to complete Brexit negotiations and promising a “phenomenal” trade deal between the US and UK. But all this is set against the backdrop of all-out trade war between the US and China at the same time that Europe is involved in somewhat more Cold War-esque trade skirmishes with China as well. The questions are: do such measures work? And what do they mean for the tyre business?

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. Tariff time again, but will they make a difference?
  2. Trump puts 25% import tariff on Chinese aircraft tyres
  3. US puts 10% import tariffs on all Chinese tyres
  4. Have the truck tyre import tariffs ‘worked’?
/by

US tariffs hit Chinese alloy wheel exports

Following the US’s implementation of 25 per cent import tariffs on Chinese aluminium wheels on 1 May, China exported 70,400 metric tonnes of aluminium alloy wheels in April, down 9.6 per cent compared with the previous month and down 11.6 per cent compared with the year before. However, while down Chinese wheel exports in April were above their recent low point. In February exports dipped to the lowest in five years at 53,700 tonnes.

Read more

Related news:

  1. US investigation into Chinese tyre imports to continue
  2. US reduces Chinese-produced car tyre tariffs
  3. Trump puts 25% import tariff on Chinese aircraft tyres
  4. Chinese truck/bus tyres: US court partially rejects determination
/by

USA sets final duties on CV steel wheels from China

The USA has determined the rate of anti-dumping and countervailing duties it will charge on steel commercial vehicle wheels imported from China, and the levels set are high. This month, the US Department of Commerce announced final anti-dumping duties of 231.7 per cent and countervailing duties of 457.1 per cent.

Read more

Related news:

  1. Will Europe impose tyre import tariffs?
  2. USA: No antidumping and countervailing duties on Chinese truck & bus tyres
  3. Chinese truck/bus tyres: US court partially rejects determination
  4. US imposes Chinese tyre import tariffs
/by