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The war between Chinese and American cars and light truck tires has just stopped for more than a year, and smoke has started again.
On June 3, the United States Steel Workers’ Union (USW) officially filed an application with the US International Trade Commission (USITC) and the US Department of Commerce (USDOC) on behalf of US domestic industries, requesting anti-dumping measures against Chinese exports of car and light truck tires to the United States. And anti-subsidy investigations and adopt "double countermeasures" measures.
On the same day, the data released by the three major automakers in the United States showed that sales of Chrysler, General Motors, and Ford increased in May compared to the same period of last year, exceeding market expectations, with Chrysler leading the way with a 17% increase, and Chrysler selling in May. The number of automobiles was 194,440,000, the highest sales in the same period since 2007, especially for its Jeep brand. Sales volume increased by 58% year-on-year, creating the best monthly sales of the brand so far. General Motors also delivered a good transcript, which was adopted in May. The sales volume of automobiles reached 284,700 units, an increase of 13% over the same period of last year, the best sales for the same period in seven years, and the total monthly sales reached a record high since August 2008. Sales performance is better than market expectations.
The U.S. economy is gradually shifting from slow growth to moderate growth. As the U.S. auto industry is thriving, the U.S. Steel Workers Association is making a comeback and is once again proposing trade remedy measures against the Chinese tire industry. Questioned.
The situation varies <br> <br> China Association of International Trade Association, Zhou has direct shelling interview with reporters, the United Steelworkers move is anti-China sentiment at work, which is the special safeguard contrast to the situation in 2009, when The U.S. financial crisis led to a major economic recession and the automobile industry fell to the bottom. The U.S. Steel Workers Federation proposed to adopt special safeguard measures in 2009. To a certain extent, it is to protect the U.S. local car tire companies from the impact of imported tires. Today's situations indicate that The US Steel Workers Federation’s submission of "double countermeasures" to Chinese tires is untenable.
“In 2009, the US auto industry was in a slump, when the car sales were 10.43 million, which was a 21% drop from 2008, and in 2013, US car sales were 15.69 million, which is an increase of about 50% compared to 2009. The United States expects the car this year. With sales of 16.77 million units, the market is growing, which will inevitably lead to the growth of tires and other parts. Moreover, the use of tires produced by the United States and the United States is still obviously different. The US tire companies mainly produce tires manufactured in the United States, China The tires exported to the United States mainly flow to replacement tires in markets such as auto repair shops. There is no obvious conflict between the two markets. The US Steel Workers Federation’s lifting of the double counter banner is a superfluous move. Political factors are more important than economic factors. Zhou Shiyi thinks.
Five years ago, the U.S. Steel Workers Federation initiated a special safeguard investigation of Chinese-made car tires. In the lawsuit, he claimed that the large number of imported tires from China damaged the interests of the local tire industry; if no measures were taken against Chinese tires, there would be 3,000 American workers who would lose their jobs by the end of 2009. On September 11, 2009, U.S. President Barack Obama decided to impose a three-year restricted tariff on Chinese tires on the basis of the current import tariff of 4.0%, of which 35% will be imposed in the first year and 30 years in the second year. %, plus 25% in the third year.
Due to the high tariffs, China's export of tires to the United States has been affected to varying degrees. Shandong Linglong Tire Co., Ltd. (hereinafter referred to as “Lingyu Tireâ€) mentioned in its recent prospectus that after the implementation of the US special safeguard measures, the company’s exports to the United States’ semi-steel radial tires had a short-term impact, with monthly sales. Compared with the previous period, it had fallen by 12.8%. However, with the adjustment of products and markets, the export volume to the United States gradually recovered, but the sales growth of the regions and countries outside the United States grew even faster. The export of semi-steel steel in the United States accounted for half of steel. The proportion of total fetal export revenue dropped from 45.38% in 2009 to 32.5% in 2011. The United States, which is now the largest foreign export market, accounts for less than 30% of the company's foreign market sales.
Another tire company official said in an interview with reporters that when the tariff exceeds 10%, the company basically has no profit margins, especially middle and low-grade tires. In the three years when the United States implemented special safeguard measures, domestic tire companies generally exported to the United States. Both are in decline, and exports to the United States will gradually recover by the end of the special insurance period in September 2012. Once the United States implements double countermeasures on Chinese tire companies, domestic tire companies will face a new crisis.
Prepare for the "double reaction"
Previously, one-third of tires produced in China were exported to the United States market, and the export value of cars and light truck tires was close to US$2.2 billion. Affected by the tire special protection case, China’s exports of such products to the United States dropped sharply. In 2011, it fell to 9.68. Billion US dollars, which gradually recovered to 1.266 billion U.S. dollars in 2012, grew rapidly to 2.077 billion U.S. dollars in 2013, and exported 510 million U.S. dollars to the U.S. in the first quarter of this year.
The American Iron and Steel Federation believes that these surging imported tires are being funded by the Chinese government and are thrown into the US market at a fair price. The price information publicly provided by tire retailers indicates that Chinese tires are 12% to 40% cheaper than American tires. Therefore, the workers’ union requested to initiate anti-dumping and countervailing investigations on Chinese car and light truck tire products. The alleged dumping margin was 60.15%, and the alleged subsidies rate was 25.73%, including Japan’s Bridgestone and Goodyear tires. The giants investing in China have also been listed on the list of companies involved. Based on past experience, it is expected that the US Department of Commerce will decide on June 23 whether to accept the case.
Yu Shengxing, a partner of Haihua Yongtai Law Firm, told the reporter that from the current situation, the probability of filing this case is very large. Related companies, associations, and relevant government departments must make preparations in advance, while preparing relevant evidence to prove that they do not exist. Dumping and subsidies, while proofing, have not caused any damage to the US related industries. In addition, in China’s tire export enterprises, foreign-invested companies account for half of the total, and many are US companies investing in China. Once the United States imposes high punitive tariffs on Chinese tires, it will result in a loss of both sides, and therefore it will likely suffer a lot. The opposition of foreign-funded enterprises will also increase the purchase cost of American consumers.
Driven by the rapid growth of the global automotive industry, the global tire market has maintained an overall growth trend in recent years. According to the statistics of the US Rubber and Plastics News weekly, the global tire market sales increased from 82.8 billion U.S. dollars in 2003 to 187.25 billion U.S. dollars in 2012. Chinese tires are not only exporting to the United States, but also growing rapidly in other countries and regions as well as the domestic market. According to statistics from China Customs, in 2012, China exported 5.88 billion US dollars of car tires and 8.06 billion US dollars of car tires. In 2013, the total tire exports increased to US$ 15.625 billion.
At present, there are more than 600 large-scale tire companies in China, mainly located in Shandong, Jiangsu, Zhejiang, and Shanghai. A number of tire exporting companies reported that their exports to the United States have increased rapidly in the past one or two years. On the one hand, the growth in the automobile market has boosted demand. On the other hand, after the cancellation of certain tariffs, the US import tax rate has returned to the original 4.0%. China's tire price competitiveness has increased. In addition, the decline in the prices of raw materials has also triggered a decline in export prices. It is not that companies cut prices to compete for markets. For example, the data of Linglong Tire shows that in 2013, although the sales price of tires decreased, the price of natural rubber, the main raw material, fell more sharply. The domestic gross profit of domestic sales and sales continued to increase sharply by 5.75 and 2.86 percentage points. The gross profit margin of domestic and foreign sales The range of change is mainly due to the structural differences between domestic and export tire products.
The China Rubber Industry Association responded to the newspaper and said that it is paying close attention to the progress of this tire trade friction and organizes related companies to prepare for the war.