After the US Department of Commerce’s preliminary ruling found that China’s light trucks and passenger tires exported to the United States had dumping and subsidies and increased tariffs, on January 29, the Chinese Ministry of Commerce publicly responded at the press conference, arguing that the US’s preliminary ruling The result is unfair. Medical Sliding Doors For Hospitals / Operating Theaters /clean Room /laboratory hospital door, hospital sliding door, medical sliding door , automatic medical airtigh door, clean room door ,operating theaters door hospital door, hospital sliding door, medical sliding door , automatic medical airtigh door, clean room door ,operating theaters door SHENZHEN HONGFA AUTOMATIC DOOR CO., LTD , https://www.hongfarrd.com
“Most Chinese tire companies are judged to impose more than 30% tariffs.†An expert from the China Rubber Industry Association Tire Branch (hereinafter referred to as the Tire Branch) told reporters that “this will bring significant impact on China’s tire trade with the United States. Strike."
According to the above-mentioned tire branch experts, the US "double-reverse" will affect China's export tires by more than 30%, and currently 40% of domestic tires are used for export. That is to say, once the judgment is established, 12% of domestic tires will face the risk of slow sales due to the loss of price advantage, which will bring a major blow to the domestic tire manufacturing industry that was already in overcapacity.
On February 3, as one of the mandatory responding companies in the US “double-reverse†investigation, the head of the legal department of Sailong Jinyu Group Co., Ltd. (hereinafter referred to as Sailong Jinyu) told reporters, “This is for us. The export industry is a very serious challenge."
China's tire companies have been heavily taxed by the United States due to the slowdown in domestic passenger car sales growth, commercial vehicle sales fell slightly and other factors, the tire companies in 2014 have suffered a cold spell. “Last year, the domestic tire industry capacity utilization rate is still less than 60%, it is already very bad.†The above tire branch experts told reporters.
In June 2014, the launch of the “double-reverse†investigation in the United States was tantamount to worse. The reporter learned that Shandong Yongsheng Rubber Group Co., Ltd. (hereinafter referred to as Yongsheng Rubber), which was selected as a “double-reverse†investigation and mandatory responding enterprise in August 2014, announced its withdrawal from the investigation in October 2014. Therefore, in the preliminary ruling, Yongsheng Rubber was ruled to impose a tariff of 87.99%, which means that its business exports to the United States will basically stop.
According to Saiyue Jinyu, in the preliminary ruling on January 22, Saiyue Jinyu was sentenced to impose 29.01% anti-dumping duties and 12.03% countervailing duties, with a total tax rate of 41.04%. Previously, the revenue in the US market accounted for about 10% of the total revenue of the company, and the profit accounted for 13.36%.
In addition, among the Chinese tire companies that received the “double-reverse†survey, more than 20 companies were subject to a “national tax rate†of 87.99% by the initial judgment, and more than 60 companies were convicted to impose a “separate tax rate†of more than 30%.
"National tire companies are basically ruled to impose a national tax rate." The above-mentioned tire branch experts told reporters, "This is not the final result, but it is difficult for us to have optimistic expectations."
The reporter learned that tire companies with certain strengths, including Fengshen, Sailong Jinyu and Linglong tires, have already begun to build factories overseas, and have made up for the decline in sales to the US by transferring their export operations to overseas factories. However, overseas production capacity will not be met in the short term, and the overcapacity situation in the domestic tire industry will also face further deterioration.
The overseas transfer of tire production capacity accelerated as early as 2009 to 2011, the United States also imposed a tariff on Chinese tires, known as the "tire special protection case." According to the reporter's understanding, after the "tire special protection case", some of the stronger tire companies have begun to set up factories overseas.
The above-mentioned people in the legal department of Jinyu told reporters that the round will gradually transfer the business of exporting to the United States to the Vietnamese factory to circumvent the "double-reverse" tariffs that may be imposed.
It is understood that in 2013, the number of tires exported to the United States by Jinyu was 3.41 million. To further meet the demand, the production capacity of the Saiyan Jinyu Vietnam Plant has expanded from 3.5 million/year to 7 million/year at the end of 2014. In addition, the first phase of Linglong Tire's project in Thailand was also put into operation at the end of February 2014, with an annual output of 2 million pieces. The second phase project has also been approved.
In fact, the export of tires exported to the United States to other countries is not too big. “The market that can be replaced is the European Union,†said the above-mentioned tire branch experts, but the EU tire labeling regulations, which were implemented in 2012, have strict regulations on the fuel efficiency, rolling noise and wet grip level of tire products sold in the EU, so Less companies are being rejected.
"Only the big tires with relatively strong technical strength can reach the standard," said the tire branch experts. "These production capacity is very difficult to allocate to the domestic market." He said that because many of the export tires have different standards and specifications than the domestic ones, the United States The excess capacity that may result from “double-reverse†is difficult to transfer to domestic sales. “The brand strength and quality of Chinese tire enterprises are also difficult to compete with joint venture brands and foreign brands in Chinaâ€.
Therefore, the above-mentioned tire association experts believe that the integration of the tire industry in 2015 and the elimination of backward production capacity are imperative.