Expert: Chinese tire makers may increase trade with Europe
Time: Jan 26th 2015 Copy editor: Tyrefull
A prominent European tire industry representative said recently he believes Chinese tire makers wil seek to increase trade with Europe following the imposition by the U.S. of import duties on their products.
"In general, we assume that they(The Chinese) will intensify sales in Europe," said Hans, CEO of Germany's tire trade association, BRV." But we expect that this won't effect European market.
The E.U. and U.S. markets, Dreschler explained, have completely different markets for cars, so the tires used are different with regards to dimensions.
"We do expect, however, that the tire manufacturers in China will shift their supply in the medium run — regarding the dimensions needed in Europe,” he added in response to questions from European Rubber Journal, a United Kingdom-based sister publication of Tire Business.
In this case, he noted, the Chinese action would affect the European tire market.
Asked whether the E.U. might follow the U.S. in imposing tariffs, the BRV leader commented: “Whether Europe will take similar measures to counter Chinese competition, can’t be seen at the moment.”
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