After a thorough investigation, which included an anti-subsidy investigation, the European Union (EU) has announced its final decision on anti-dumping tariffs which will be imposed on truck and bus tires as well as retreaded tires that are manufactured in China and imported into EU countries.
Earlier in the year, the EU had imposed fixed rate anti-dumping duties on these such tires. The new ruling, Regulation 2018/1579 has revised these earlier tariff levels upwards for almost all tire manufacturers based in China.
The only tire manufacturer for which the definitive anti-dumping rate was reduced was Hankook Tire Co. Ltd. Hankook’s TBR products will be penalized with duties of 42.73 euros per tire (or USD 48.67 per tire). Giti Tire and Aeolus Tire will pay tariffs to the tune of 47.96 euros (USD 54.63) and 49.44 euros (USD 56.32), respectively.
A few companies were listed as “Cooperating Chinese exporting producers” in the ruling and they have to pay a marginally lower duty of 49.31 euros (USD 56.17) per tire. The list of such companies includes Guizhou Tyres, Prinx Chengshan (Shandong) Hengfeng Rubber, Shandong Huasheng Rubber, Shandong Jinyu Tire, Shandong Linglong, Triangle Tyre and Zhongce Rubber.
Global brands like Michelin which make tires in their Chinese facilities will also pay the same tariffs. These companies include Shenyang Tire of (Michelin), Huizhou of Bridgestone and Dalian Tire of Goodyear.
Other companies mentioned in EU’s Regulation 2018/1579 include Xingyuan Tire Group and Guangrao Xinhongyuan Tyre, each of which will have to pay a duty of 55.96 euros (USD 63.74) per tire.
This new regulation supersedes all previous anti-dumping regulations.
Manju Mathew, an MBA in marketing, completed publisher training courses from the Oxford Brookes University and New York University. She started with marketing and PR roles before moving on to her current position as a full time writer. Currently living in Dubai, her life as an expat has sharpened her observation skills and flair for writing. She enjoys writing about luxury cars like Ferrari, Lamborghini, etc even if she can only dream of owning them.
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