MOSCOW (MRC) -- The tire industry has urged the government to take decisive measures against the anti-dumping and countervailing duties imposed on tires imported from China after the United States Department of Commerce claimed on 24 Nov. 2014 that Chinese manufacturers benefited from government subsidies, according to GV.
The US government said tires for passenger cars and light trucks produced in China were unfairly subsidized and should be subject to punitive tariffs ranging from 17.7% to 81.3%, depending on the manufacturer.
Fan Rende, honorary chairman of the Beijing-based China Rubber Industry Association, said US tire makers are aware that high labor and material costs are the biggest obstacles to generate profit. The move shows that the US is adopting a tough stance on China’s tire industry.
The association is discussing solutions and appealing to the government to take measures to protect the interest of Chinese tire makers in the US market.
As MRC reported earlier, on 8 September 2014, China ended its anti-dumping duties on styrene-butadiene-rubber (SBR) imports from Russia, Japan, and South Korea, effective Monday. In 2009, China extended its 4-38% anti-dumping duties on SBR imported from the countries by five years. The tax expired in September, and the ministry has been reviewing whether to extend it. The ministry said the domestic industry urged it not to continue imposing the anti-dumping duty and, therefore, it decided not to continue it.
MRC