Top 10 News on China Rubber Industry in 2018 - No. 2: Friction in International Trade Intensified and Difficulty in Export Increased

In 2018, China-US trade conflicts intensified, and almost all of the products in China’s rubber products industry chains were included in the US tariff list of USD 200 Billion. 

Although before the end of the year, China and the United States have reached an agreement to delay tax increase, it added variables to the export of China’s rubber products. Europe and the United States are important markets for China’s tire export. On September 5, 2018, the US Department of Commerce issued the preliminary ruling of the second annual administrative review of anti-dumping investigation against China’s passenger and light truck tires: the tariff rate of all mandatory respondents and enterprises with separate tariff rates was 73.63%, which was more than 6 times higher than the anti-dumping margin rate in first trial. 

In 2017, the European Commission launched a “anti-dumping and countervailing” investigation on China’s new tires and retreaded tires for trucks and passenger cars, and officially announced the final rulings on anti-dumping and countervailing respectively on October 22, 2018 and November 12, 2018: a fixed tax of 42.73 to 61.76 euros was imposed on each tire for trucks and passenger cars exported from China to the EU. In addition, on March 30, 2018, India also announced a countervailing investigation on new pneumatic tires for trucks and passenger cars imported from China. The intensification of international trade friction has increased variables to the export market of China’s rubber products.

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