The most popular American tire special insurance c

2022-07-23
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The U.S. special tire insurance case against China may expire in September. Export enterprises welcome good news. The expiration of the U.S. special tire insurance case is undoubtedly good news for Chinese enterprises. According to experts' analysis, orders in the US market are expected to increase significantly after the special ad valorem tariff is stopped. At the same time, it is conservatively estimated that the profit margin of China's tire export enterprises to the United States can increase by at least 5%-10%

it is learned that among A-share listed companies, s Jiatong has the largest proportion of tire export revenue in the main business revenue. More than 70% of its products are exported, and the United States is also one of its important export destinations. In addition, Fengshen Co., Ltd., Qingdao Shuangxing Tire Co., Ltd. and Guizhou Tire Co., Ltd. also have a considerable proportion of exports

special safeguard measures or expiration termination

20 overcome the rigidity and brittleness of PA1010 and PA610 materials. On September 11, 2009, the U.S. government announced that it would impose special ad valorem tariffs of 55%, 45% and 35% respectively on the export of passenger car and light truck tires to China for three consecutive years. This is the first time that the United States has implemented special safeguard measures against China, which has had a huge shock in the industry

a person from the General Administration of Customs pointed out that "the" special insurance case "not only affected 12% of the production capacity of China's tire industry, but also involved the upstream synthetic rubber, carbon black and other raw material industries, resulting in the decline of the operating rate of relevant enterprises and the unemployment of workers."

after the implementation of the special safeguard measures, especially in the first two years, the impact on China's tire export enterprises is very obvious. Taking the data of October and November 2010 as an example, the overall foreign trade situation recovered at that time, but the tire export did not increase but decreased year-on-year, down 37.5% and 35.5% respectively. The General Administration of Customs has issued warnings on this issue for many times

over the past three years, the industry is undoubtedly concerned about whether the special protection measures will expire. Based on this, according to the law of the United States, unless the relevant parties take action to request the extension half a year before the expiration of the special protection measures for tires (2 other powders are 1250 mesh before March 2012), the measures will expire after 3 years of implementation

at present, neither the United Steelworkers' Federation nor Obama has asked the US International Trade Commission to extend the special safeguard measures before March this year. The spokesman of the US trade representative office also said earlier that "there is no interested party applying for extension, and the tire warranty measures will be terminated on schedule in September"

it is conducive to the increase of profits of export enterprises.

"the United States is the country with the largest number of tire exports in China. Now the U.S. special insurance case has expired, so enterprises must pay attention to it." Said xuwenying, Deputy Secretary General of China Rubber Industry Association

according to expert analysis, the expiration of the U.S. special tire warranty case is undoubtedly good news for enterprises. After the suspension of special ad valorem tariff, orders in the US market are expected to increase significantly. At the same time, it is conservatively estimated that the profit margin of China's tire export enterprises to the United States can increase by at least 5%-10%

for the export market in the second half of the year, the industry generally believes that there are still many uncertain factors and great difficulties, but they still have confidence in the market

"in September, the U.S. special insurance case expired. At present, it is unlikely to be extended, which is beneficial to China's tire export." Caiweimin, Secretary General of tire branch of China Rubber Industry Association, said that the export market in the second half of the year will not be worse than that in the first half of the year. The recovery of the main market, the U.S. market, will be relatively stable, and other markets such as South America, Southeast Asia and the Middle East will also be relatively good. Therefore, as long as there are no major trade frictions in the second half of the year, exports should maintain steady growth

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