Tag: tariffs

EU publishes definitive anti-subsidy and updated anti-dumping rates

EU publishes definitive anti-subsidy and updated anti-dumping rates

12th November 2018 | 0 Comments

The European Union has published its definitive decision relating to anti-subsidy duties imposed on Chinese-produced truck tyres imported into the continent. This follows the EU’s final decision on anti-dumping duties, which was released on 18 October 2018. In short, the latest document (which runs to well over 120 pages) demonstrates how large subsidies have supported some Chinese tyre makers. However, it doesn’t mean the overall per tyre rate importers have to pay will change.

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US market receives first Magna OTR tyre production from Thailand

US market receives first Magna OTR tyre production from Thailand

8th November 2018 | 0 Comments

One way of avoiding anti-dumping duties applicable to tyres imported from China is not to import tyres from China. This is what Magna Tyre Group is now doing in the USA – the company is meeting increased demand for OTR tyres in this market by expanding its production capacity in Thailand. Tyres made in this facility, comments Magna, are don’t attract tariffs in the USA and thus offer the opportunity for the company to “massively increase our presence on American market.”

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Chinese truck/bus tyres: US court partially rejects determination

2nd November 2018 | 0 Comments

The U.S. International Trade Commission (ITC) must reappraise its final determination on truck and bus tyres from China after the US Court of International Trade (CIT) only partially sustained the ITC’s determination that the US tyre industry has been neither materially injured nor threatened with material injury by imports of these products.

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EU rejects claims Pirelli isn’t related to CNRC and Aeolus

22nd October 2018 | 0 Comments

Having published its definitive decision on Chinese-produced truck tyre dumping, the European Union has also rejected claims that Pirelli is not related to either China National Tire & Rubber Co., Ltd (CNRC, which is owned by ChemChina) or Aeolus. Therefore, any tyres made by any of the related companies in China have to be subject to comparable import tariffs.

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Michelin predicts significant slowdown in car and truck tyre demand

Michelin predicts significant slowdown in car and truck tyre demand

19th October 2018 | 0 Comments

While presenting its nine-month 2018 results, Michelin has predicted a significant slowdown in passenger and truck tyre market conditions in the second half of the year. However, the well-known tyre manufacturer also predicted “sustained growth” in the speciality sector, which consists of OTR, two-wheel, aircraft and agricultural tyres.

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Jiangsu General investing US$300 million in Thailand tyre plant

2nd October 2018 | 0 Comments

Jiangsu General Science Technology Co. Ltd. is set to invest around US$300 million in the construction of a tyre manufacturing facility in Thailand. The news follows earlier reports published in the Spring that Jiangsu General was considering Cambodia for the investment.

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US puts 10% import tariffs on all Chinese tyres

US puts 10% import tariffs on all Chinese tyres

18th September 2018 | 0 Comments

The Trump administration upped the ante once again in the ongoing trade war between the USA and China on 18 September with the introduction of tariffs on all US$200 billion of imports including basically all categories of tyres, retreads and inner tubes. At President Trump’s direction the additional tariffs will initially be set at 10 per cent and will take effect on 24 September 2018. However, as of 1 January 2019, the level of additional tariffs will increase to 25 per cent.

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TRIB testifies at US tariff hearings

21st August 2018 | 0 Comments

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.

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China implements anti-dumping tariffs against synthetic rubber producers

20th August 2018 | 0 Comments

On 10 August 2018 China’s Ministry of Commerce announced plans to implement anti-dumping duties ranging from 23.1 per cent to 75.5 per cent on synthetic halogenated butyl rubber from the United States, the European Union and Singapore starting 20 August 2018.

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

15th August 2018 | 0 Comments

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.

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SEMA: Trump’s tariffs ‘misplaced’

7th August 2018 | 0 Comments

The Specialty Equipment Market Association (SEMA) has voiced its disapproval of US President Trump’s aim to impose 25 per cent tariffs on a range of products imported from China; the US-based association, which represents the vehicle aftermarket, says it opposes these tariffs as well as the Trump administration’s tariffs on steel and aluminium and the threatened tariffs on imported cars and automotive parts – it considers them “as misplaced and having the potential to impose significant harm on US businesses and consumers.”

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Make tariffs great again

6th August 2018 | 0 Comments

The tyre industry has seen its fair share of import tariffs in recent years. The largest scale of these, across the widest range of products, was initiated by the US against Chinese produced car tyres in 2009. That president has been and gone since then (as have further tariffs on car tyres and OTR tyres), but still tariffs are making a huge impact on the tyre industry in the USA and beyond.

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NTDA: EC anti-subsidy decision ‘no great surprise’

NTDA: EC anti-subsidy decision ‘no great surprise’

1st August 2018 | 0 Comments

Following decisions on the part of the European Commission (EC) to review its Chinese truck tyre anti-dumping tariffs and to decide against implementing anti-subsidy remedies against Chinese-produced tyres for the time being, the industry itself has been responding to the news. For its part, the UK’s National Tyre Distributors Association (NTDA) was not shocked by the news that the EC is not planning to implement anti-subsidy (otherwise known as counter-veiling duties) and highlighted difficulties associated with their implementation.

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The increasing connection between new tyres, retreads and technology

The increasing connection between new tyres, retreads and technology

10th July 2018 | 0 Comments

When news of Chinese truck tyre import tariffs breaking around us, Tyres & Accessories wanted to gauge the response of a leading premium tyremaker and retreader. With Goodyear having been amongst the few to officially comment on the matter since the announcement of tariffs at the start of May, we asked Gregory Boucharlat, director Fleet and Retread Commercial EU to bring us to speed on this as well as wider ongoing retreading trends.

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Zafco presents new car tyres, promote Thai-made Otani truck tyres

Zafco presents new car tyres, promote Thai-made Otani truck tyres

5th July 2018 | 0 Comments

During the course of May’s Tire Cologne Zafco promoted the new Zeetex SU4000 4S – an all season car tyre launched following the success of its predecessor ZT4000 4S. In addition, the stand displayed “the most celebrated summer tyres of Zeetex” including the ZT1000, HP2000 vfm, SU1000 vfm, HT1000 vfm and CT2000 vfm. There is also an array winter tyres such as the WP1000, WV1000, WH1000, WH1000 SUV and WQ1000.

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