Media sources indicate that on 15 May 2024 local time, the United States announced the results of the preliminary anti-dumping ruling on Thai truck tyres - finding that truck tyres imported from Thailand were sold in the United States at less than fair value, and enforcing anti-dumping sanctions!
For companies with non-zero dumping margins, the U.S. Department of Commerce will instruct U.S. Customs and Border Protection (CBP) to suspend customs clearance and require a bond equal to the corresponding dumping margin.
This time, however, the anti-dumping duty rate is not as high as expected, Poulin Sungsan (Thailand) Ltd: the dumping margin is 0%. This means that tyres exported by the company will not face suspension of customs clearance or deposit requirements; Bridgestone Corporation (Bridgestone): dumping margin of 2.35%; and other companies: an average rate of 2.35%.
If the US Department of Commerce's final determination remains affirmative and the US International Trade Commission (ITC) also makes an affirmative determination, the US Department of Commerce will issue an anti-dumping duty order. This decision could have a significant impact on Thai tyre exports to the US market, including increasing export costs and reducing price competitiveness.
Some overseas dealers said that under the pressure of high inflation, the most popular tyres in the European tyre market are cost-effective Chinese passenger car tyres.
A foreign-owned tyre companies also said that the first quarter of this year in the European replacement tyre market "continue to lose" is also because of Asia's cost-effective tyres too much!
Although the strength of the tax rate is not too big, and many Chinese tyre companies said in Thailand does not have too much truck tyre production capacity, but really not impact is not possible.
In order to solve the double reverse under the "Chinese tyre export siege" situation, but also in order to speed up the recovery of the global economy, China's tyre sales can continue to break through, improve the quality of price increases, China's tyre global strategy for the final choice. The rise of cost-effective tyre consumption is only in the high inflation under the consumer to make the expedient, with the economic recovery, tyre consumption will eventually upgrade. And want to seize more opportunities for development, Chinese tyres must make more expansion in the high-end market.
