Mexico City – Mexico has announced the imposition of definitive antidumping tariffs on the import of new pneumatic radial tires for car and light trucks (PC/LT) from China in a move to protect its domestic industry.
Effective 1 Oct, tariffs ranging from 5.18% to 32.24% will apply to the imports of Chinese PC/LT tires with diameters of 13 to 22 inches, the Mexican ministry of economy announced 30 Sept.
The agency began its investigations into the imports of Chinese tires in November 2022 following a joint petition by the Mexican subsidiaries of Bridgestone, Continental and Michelin.
In its final ruling, the ministry said the domestic tire industry had faced significant challenges, including price suppression, shrinking market share, and reduced profitability due to the influx of cheaper Chinese imports.
During the investigation period, 1 July 2021 to 30 June 2022, the Mexican authority said local companies suffered negative performance, due to unfair trade practices.
As a result, the ministry introduces the following duty rates for Chinese tire makers :
• 19.37% on imports from Shandong Linglong;
• 7.16% on imports from Shandong Changfeng Tyres;
• 32.24% on imports from Wanli Tire;
• 5.18% on imports from Zodo Tire;
• 11.55% on imports from Shandong Haohua Tire;
• 14.82% on several other Chinese producers, including Giti Tire and Triangle Tire;
• 32.24% on imports from Zhaoqing Junhong, Chongqing Hankook Tire and other
producer-exporting companies that did participate in the procedure.
*The full list includes: Zhongyi Rubber, Shandong Fengyuan Tire Manufacturing, Shouguang Firemax.