The U.S. anti-dumping tariff rate on Chinese tires may be 25%-35%

According to comprehensive foreign media reports, after the US Department of Commerce announced the preliminary anti-subsidy tax rate for passenger cars and light truck tires in China, foreign analysis agencies have begun to evaluate another investigation of the US "dual anti-dumping"-anti-dumping. Morgan Stanley stated in an investor report released on November 25 that the tax rate for the first year was 35% during the tire "special protection case" in 2009, and then it was reduced proportionally to 30% for the second year. %, 25% in the third year. "We believe that the final anti-dumping tax rate may be in a similar range." Analysts believe that the imposition of punitive tariffs will cause most of China's low-end tires to return to the domestic and other markets and increase competition in the Chinese tire market. "Therefore, The continued downward trend in tire prices has not ended." Morgan Stanley warned in the report that for tire manufacturers, the "dual reverse" tariffs may have different effects on different companies. For example, Hankook Tire, because it is one of the market leaders, tariffs may become a potential threat. However, for Nexans tires, it may be a good thing. “Chinese tires have largely withdrawn from the US market, and Nexans products overlap with Chinese tires, so they may benefit from it.” The report analyzes that overall, tariff increases The impact on tire giants is limited. "Michelin, Continental and other companies also import tires from China to the United States, but because they are high-end products, the impact will be small." According to TireWorld.com, the U.S. Department of Commerce recently announced an anti-subsidy for passenger car and light truck tires in China. Initial tax rate. The tax rate of Cooper (China) Kunshan Tire Co., Ltd. is 12.5%, the tax rate of Fujian Jiatong Tire Co., Ltd. is 11.74%, and the tax rate of Shandong Yongsheng Rubber Group Co., Ltd. is 81.19%. The applicable tax rate for other Chinese companies is 12.03%. According to relevant legal procedures, the final anti-subsidy ruling is expected to be announced by the US Department of Commerce around April 6, 2015, and the preliminary anti-dumping ruling is expected to be announced in January 2015.