Top 10 News on China Rubber Industry 2015 - No. 1: “Double Anti” of the U.S. Having Great Influence on Chinese Tire

26 October 2016 | Source from China Rubber Web

On August 5, the United States Department of Commerce issued anti-dumpling and anti-sub- sidy duty order against Chinese passenger car and light truck tire, which officially took effect on Au- gust 10. The combined “Double Anti” margin rate were respectively Giti 52.1%, Sailun 30.61% and Cooper 31.85%; and the respective dumpling tax rate of the enterprise was 39.33%, the national tax rate of Chinese enterprise was 107.07% and that of Yongsheng Company was 192.79%. The U.S. is the largest target importer of Chinese tire and this arbitration has great influence on China’s tire industry. According to the statistics of China Cus- toms, from January to November, 1.572 million tons of Chinese passenger car tires were exported, with a decrease of 9.3%; and 2.84 million tons of truck and bus tires were exported, with a decrease of 1.4%, in which 288,000 tons of passenger car tires were exported to the U.S., with a decrease of 44.6%; and 543,000 tons of truck and bus tires were exported to the U.S., with a decrease of 9.7%. 

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