Up To 43.6%! Dumping (pricing policy)Anti-Dumping Actions On Tires
According to foreign media reports, South Africa has decided to impose a five-year Dumping (pricing policy)Anti-dumping actions on Chinese tires.
The newly released tax rate is 7.18% -43.6%, which will last until July 2028. Previously, the South African International Trade Commission set a tax rate of 7% -69%.
In 2022, the organization will levy a temporary Dumping (pricing policy)Anti-dumping actions tax of 38.33% on passenger car tires and truck tires imported from China. The tax collection period is from September 8, 2022 to March 8, 2023.
The Dumping (pricing policy)Anti-dumping actions investigation was initiated by the South African Tire Manufacturers Union in 2021. The alliance is mainly composed of Bridgestone, Continental AG, Goodyear Tire and Rubber Company and Sumitomo Rubber Industries.
In 2022, the local capacity utilization rate of these four tire manufacturers was 80.7%.
According to the survey, from July 2020 to August 2021, various types of tires imported from China accounted for 36% -81% of the total tire imports in South Africa.
It is reported that the South African Tire Importers Association strongly opposes the imposition of Dumping (pricing policy)Anti-dumping actions on Chinese tires.
The organization believes that tariffs exceeding 25% will increase local tire prices by 17% -40%.
