EU Imposes Up to 52% Tariffs on China-Made Tires

With the European Union (EU) announcing plans to impose high tariffs of up to 52% on tires produced in China, three domestic tire companies are actively restructuring their supply chains by reducing production volume in China and increasing local production in Europe.

According to the industry on June 16, the EU recently notified that it would impose anti-dumping duties of up to 50% on passenger and light truck tires produced in China. It plans to apply the tariffs starting on May 18 after collecting opinions from the companies…

Source:  Business Korea