The European Union imposed anti-dumping duties of up to 45.3% on passenger car and light truck tires from China.

Foreign media: Starting from July 8, the EU has imposed a final anti-dumping duty of up to 45.3% on passenger cars and light truck tires imported from China, citing massive dumping and "substantial harm" caused to the EU tire industry.

The Shandong Yongsheng Rubber Group in China will be subject to the highest rate of 45.3%, while 64 other producers—including factories in China of global brands such as Pirelli, Goodyear, Continental, and Sumitomo—will face a duty rate of 24.4%. Hankook was charged only 4.3% due to its production of high-end tires.

The European Commission stated that over 90% of Chinese imported tires are concentrated in the lowest-tier, low-cost market segment, making it impossible for European domestic companies to maintain economic viability; meanwhile, it rejected using domestic Chinese prices as a benchmark, arguing that the Chinese market price is distorted by state intervention.

Original source: toutiao.com/article/1870133883901964/

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