According to a comprehensive foreign media report, after the US Department of Commerce announced the countervailing duty rate for passenger cars and light truck tires in China, foreign analysts have begun to evaluate another investigation of the US “double opposition” – anti-dumping.

Morgan Stanley said in an investor report released on November 25 that, considering the tire "special protection case" period in 2009, the tax rate for the first year was 35%, and then scaled down, the next year was 30. %, the second year is 25%. "We believe that the final rate of anti-dumping taxation may be in a similar range."

Analysts believe that the imposition of punitive tariffs will cause most of China's low-end tires to return to domestic and other markets, and intensify competition in the Chinese tire market. "Therefore, the trend of continued decline in tire prices is not over."

Morgan Stanley warned in the report that for tire manufacturers, "double-reverse" tariffs may have different effects on different companies. For example, Hankook Tire, as one of the market leaders, tariffs may become a potential threat. However, for Nexans tires, it may be a good thing, "Chinese tires have largely withdrawn from the US market, and Nexans products partially overlap with Chinese tires, so they may benefit from it."

According to the analysis of the report, overall, the increase in tariffs has limited impact on the tire giants. “Michelin, Ma and other companies also import tires from China to the United States, but because they are high-end products, the impact will be small.”

According to the tire world network, the US Department of Commerce recently announced the preliminary tax rate for countervailing duties on passenger cars and light truck tires in China. The tax rate of Cooper (China) Kunshan Tire Co., Ltd. is 12.5%, the tax rate of Fujian Jiatong Tire Co., Ltd. is 11.74%, and the tax rate of Shandong Yongsheng Rubber Group Co., Ltd. is 81.19%. The applicable tax rate for other Chinese companies is 12.03%.

According to relevant legal procedures, the final results of the countervailing duties are expected to be announced by the US Department of Commerce around April 6, 2015. The anti-dumping preliminary ruling is expected to be announced in January 2015.

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