Metallurgy / Chemicals / Rubber & Plastics

A few days ago, according to foreign media reports, the European Commission temporarily recalculated the import tariffs on truck tires produced in China. The tariffs on each tire of different manufacturers ranged from 21.12 euros (about 154.1 yuan) to 61.76 euros (about 450.7 yuan), equivalent to a reduction of 0% to 51%.

According to Huacheng Import and Export Data Observation, after the temporary recalculation, the relevant departments will negotiate until January 23. The final decision will be made on January 25, 2023.

According to Huacheng Import and Export Data Observation, most manufacturers will charge a tariff of 38.87 euros for a single tire, of which Hantai is the lowest, 21.12 euros, and Aeolus/Prometeon, Jiatong and Zhongce Rubber are 42 to 49 euros per tire; Weifang Yuelong Rubber and Hefei Wanli Tire face a tariff of 61.76 euros per tire.

The German Tire Trade and Vulcanization Association announced some details of the recalculation on January 11: "After the final decision, new tariffs may be imposed within 2-3 months, that is, the tires imported from July 9, 2022 will be charged accordingly, and any differences between the" old "tariffs and the" new "tariffs since the introduction of tariffs in 2018 will be compensated."

According to the lawsuit filed by the China Rubber Industry Association and the China Chamber of Commerce for the Import and Export of Metals, Minerals and Chemicals in July 2022, the European Union showed that it had cancelled the previous tariff and then recalculated the tariff. At that time, the European Court of Justice announced that from July 9, 2022, no import tax would be imposed on the import of Chinese truck/bus tires. Huacheng Import and Export Data Observation reported.

Corrado Moglia, the European general manager of Triangle Tire Co., Ltd., commented that "the recalculated tariff has not yet come into effect. After a new hearing with the European Commission on January 25, it may also be adjusted again in theory", Huacheng Import and Export Data Observation reported.

"We strongly hope and believe that the elimination of tariffs will make the European Commission realize that the implementation of tariffs in 2018 has no effect on the revitalization of European industry, but now it is more obvious that the only adverse factors that lead to the rise of tire prices due to tariffs are the transporters, motorcades, and finally consumers." Corrado Moglia said that Huacheng's import and export data observation report.