USTR’s announcement is in response to President Trump’s tweet May 5 pledging to increase tariffs due to lack of progress in discussions with China. Chinese Vice Premier Liu is expected to arrive in Washington on Thursday to continue trade negotiations. The notice states that an exclusion process will be established for interested parties to file for products […]
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The European Commission has commenced an anti-dumping probe concerning imports of new and retreaded truck and bus tyres from China.
The European Commission has announced that it intends to initiate an anti-dumping proceeding focusing on the imports of truck and bus tyres from China
Netherlands based VMI, one of the world’s leading manufacturers of tyre production machinery has announced that significant product invention Patents relating to their tyre building technology which were recently challenged by a rival Chinese supplier have been successfully upheld in China.
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Richard J. Kramer, chairman, CEO and president of the Goodyear Tire & Rubber Company, gives a speech at the groundbreaking ceremony in Dalian, Liaoning province, Nov 2, 2016. [Photo provided to chinadaily.com.cn][/caption]Goodyear has announced the $485 million expansion of state-of-the-art tyre factory in Pulandian, Dalian, China. The expansion will raise plant capacity by about 5 million tyres annually by 2020.
On June 28, the Department of Commerce issued a preliminary determination in its countervailing duty (CVD) investigation of truck and bus tires from China.
In 2015, China exported 44.451 million tyres with a year-on-year decline of 6.58% and brought in an export value of US$ 13.846 billion with a year-on-year growth decreasing by 15.81%.
China exported 5.02 million tons of tyres in 2014 with a year-on-year growth of 18.01% and brought in an export value of US$ 14.6 billion with a year-on-year growth of 1.76%, average unit price being US$ 2,899 per ton which decreased to 10.38% year-on-year.
The United States will impose punitive duties on certain passenger vehicle and light truck tyres imported from China, a US trade authority ruled recently, despite China’s strong objections as per Xinhua.
Continental AG will hike tyre production at its Hefei plant in China from current capacity of five million car tyres to 14 million units annually by 2019.
