Juil 9

EU Imposes Anti-dumping Measures on Chinese Tire Firms

The EU will impose definitive anti-dumping duties of up to 45.3 per cent on Chinese car and light lorry tyres from Wednesday, citing significant dumping margins and “material injury” to the bloc’s tyre industry.

“Most injury indicators such as … sales quantity, market share, employment, profitability and productivity showed a clear negative trend during the period considered,” the European Commission wrote on Tuesday.

Imports of Chinese tyres to the European Union are overwhelmingly concentrated in a budget “tier 3” segment – the cheapest tyres, which had become “economically non-viable” for European competitors as their import volume rose, the Commission said…

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