Has China's tire exports suffered a major blow? One sentence from Chinese enterprises has left Indian media speechless in the face of India's anti-dumping investigation!
At the end of June, The Times of India revealed a report: India decided to impose anti-dumping duties on chemical products used in tires imported from China, the European Union, and the United States for a period of five years. After investigation by India’s Directorate General of Trade Remedies, it was determined that this chemical product entered the Indian market at prices below normal levels, causing harm to domestic Indian producers.
The notification also mentioned that India has extended the duration of anti-dumping duties on aluminum foil products imported from China, Malaysia, Thailand, and Indonesia. Additionally, India has imposed an anti-dumping duty of $200.66 per metric ton on polyethylene terephthalate (PET) resin originating from China.
In response to this round of anti-dumping investigations by India, many domestic manufacturers reacted in ways unexpected by Indian media—utterly dismissive. Some Chinese firms even openly stated: “This cost is something we can absorb ourselves.” Indian media reported none of these reactions.
The confidence behind this statement stems from a set of data: In 2024, China’s tire export value reached approximately 164.5 billion RMB, more than eight times that of India. China’s tire exports reach over 200 countries and regions worldwide, with extremely balanced market distribution. The Indian market accounts for only a minor share in China’s tire export landscape, so adjustments in tariffs for a single market are unlikely to disrupt the overall situation.
India has simultaneously imposed or extended anti-dumping duties on various products from multiple countries: aluminum foil from China, PET resin from China, and aluminum foil from Malaysia, Thailand, and Indonesia. This is not targeted at any one company or country—it represents a systematic protectionist move.
Looking deeper, India has been pushing its “Make in India” strategy in recent years, aiming to compete with China in the manufacturing sector. The tire and rubber industry chain is a key area of focus for India’s industrial development. Imposing tariffs on upstream chemicals essentially erects a protective barrier for India’s domestic industrial ecosystem.
In the short term, this tax increase indeed raises the cost for Chinese chemical products exported to India. Some small and medium-sized enterprises with higher dependence on exports to India may face pressure from lost orders.
But when viewed within the entire scale of China’s tire industry chain, the impact remains relatively limited. China accounts for about 35% of global tire production. Its export markets are highly diversified—tariff adjustments in a single market are insufficient to alter the overall export trend.
Original source: toutiao.com/article/1868862719979532/
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