The battle between Chinese and American cars and light truck tires has just stopped for more than a year, and the smoke has started again.
On June 3, the United States Steel Workers' Federation (USW) officially submitted an application to the US International Trade Commission (USITC) and the US Department of Commerce (USDOC) on behalf of US domestic industries to demand anti-dumping against Chinese cars and light truck tires exported to the United States. And countervailing investigations, and take "double opposition" measures.
On the same day, data released by the three major US automakers showed that Chrysler, General Motors and Ford's sales in May both increased compared with the same period last year, exceeding market expectations, with Chrysler leading the market with a 17% increase, and Chrysler sales in May. The number of cars was 194,400, which was the best sales performance since 2007, especially the Jeep brand. The sales volume increased by 58% year-on-year. The brand's best monthly sales performance so far has also produced good transcripts. The sales volume of automobiles reached 284,700 units, an increase of 13% over the same period of last year. It was the best sales performance in the past seven years, and the monthly sales volume reached a new high since August 2008. Sales performance is better than market expectations.
The US economy is gradually turning from slow growth to moderate growth. Just as the US auto industry is booming, the U.S. Steel Workers’ Federation is making a comeback at this time, once again proposing trade remedy measures for the Chinese tire industry. Questioning.
The situation is different. Zhou Shizhen, executive director of the China International Trade Association, recently accepted the "First Financial Daily" reporter's direct bombardment of the US Steel Workers Federation. This move is anti-China sentiment, which is completely different from the 2009 special protection case. The US financial crisis led to the Great Recession, and the auto industry fell to the bottom. The United Steelworkers’ Federation proposed in 2009 to take special measures to protect the local auto tire companies from imported tires. To some extent, today’s situation shows that The US Steel Workers’ Federation’s submission of “double-reverse†measures on Chinese tires this time is untenable.
“In 2009, the US auto industry was in a slump. The sales volume of the car was 10.43 million, which was 21% lower than that of 2008. In 2013, the US car sales were 15.69 million, an increase of about 50% compared with 2009. With a sales volume 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 between China and the United States is obviously different. The tires produced by American tire companies are mainly the tires of American automobile factory. China The tires exported to the United States mainly flow to the replacement tires in the market such as automobile repair shops. There is no obvious conflict between the two markets. It is superfluous for the United Steelworkers’ Federation to raise the double-reverse banner. The political factors are greater than the economic factors. "Zhou Shizhen believes.
Five years ago, the United Steelworkers’ Federation proposed a special safeguard investigation for Chinese-made car tires. In the complaint, it 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, 3,000 American workers would lose their jobs by the end of 2009. On September 11, 2009, US President Barack Obama decided to impose a three-year tariff on Chinese tires based on the current import tariff of 4.0%, including 35% for the first year and 30 for the second year. %, added 25% in the third year.
Due to 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 “Linglong Tireâ€) mentioned in the recent prospectus that after the implementation of US special safeguard measures, the company’s semi-steel radial tires exported to the United States have a short-term impact, monthly sales. Compared with the previous one, it has dropped by 12.8%. However, with the adjustment of products and market, the export volume to the United States has gradually recovered, but the sales to the United States and countries have grown faster. The income from exporting US semi-steel tires accounts for half steel. The proportion of total fetal export revenue dropped from 45.38% in 2009 to 32.5% in 2011. Now the United States accounts for less than 30% of the company's foreign market sales in the largest export market.
Another tire company official said in an interview with the "First Financial Daily" reporter that when the tariff exceeds 10%, the company basically has no profit margin, especially the middle and low-end tires. In the three years of implementing special safeguard measures in the United States, the domestic Tire companies are generally in a downturn in exports to the United States. After the expiration of the special insurance in September 2012, exports to the United States gradually recovered. Once the United States implements double-reaction measures against China's related tire companies, domestic tire companies will face a new round of crisis.
Prepare for "double opposition"
Previously, one-third of the tires produced in China were exported to the US market. The export volume of cars and light truck tires was close to 2.2 billion US dollars. Due to the special case of tires, the export of such products to the United States dropped sharply. In 2011, it fell to 9.68. In 2005, it gradually recovered to 1.266 billion US dollars. In 2013, it grew rapidly to 2.078 billion US dollars. In the first quarter of this year, it exported to the United States at 510 million US dollars.
The U.S. Steel Workers’ Federation believes that these raging imported tires are being funded by the Chinese government and are being thrown into the US market at below-fair prices. The price information publicly offered by tire retailers indicates that Chinese tires are 12% to 40% lower than US tires. Therefore, the Workers’ Federation requested an anti-dumping and countervailing investigation against cars and light truck tires from China, including a dumping margin of 60.15% and a subsidy of 25.73%, including Japan’s Bridgestone and US Goodyear tires. The companies that the giants invested in China are also included in the list of companies involved. Based on past experience, the US Department of Commerce is expected to decide whether to accept the case on June 23.
Yu Shengxing, a partner of Haihua Yongtai Law Firm, told reporters that from the current situation, the probability of filing this case is very high. Relevant enterprises, associations and relevant government departments must be prepared in advance, while preparing relevant evidence to prove that they do not exist. Dumping and subsidies, while proofing has not caused damage to the relevant industries in the United States. In addition, among China's tire export enterprises, foreign-invested enterprises occupy half of the country, many of which are American companies investing in China. Once the United States imposes high punitive tariffs on Chinese tires, it will be both losers and injuries. 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 generally maintained growth in recent years. According to the US Rubber & Plastics News weekly, global tire market sales increased from $82.8 billion in 2003 to $187.25 billion in 2012. Chinese tires are not only export growth to the US, but also growing rapidly in other countries and regions as well as in the domestic market. According to China Customs statistics, in 2012 China's car tire exports were 5.88 billion US dollars, and card passenger tire exports were 8.06 billion US dollars. In 2013, total tire exports increased to 15.625 billion US dollars.
At present, there are more than 600 tire enterprises above designated size in China, mainly distributed in Shandong, Jiangsu, Zhejiang and Shanghai. A number of tire export companies have reported that exports to the United States have grown rapidly in the past year or two. On the one hand, the growth of the automobile market has driven demand, and on the other hand, after the cancellation of some tariffs, the US import tax rate has returned to 4.0%. China's tire price competitiveness has increased. In addition, the decline in raw material prices has also led to a decline in export prices, not for companies to cut prices to compete for the market. For example, the data of Linglong tires showed that although the sales price of tires declined in 2013, the price of natural rubber for major raw materials decreased even more. The domestic and foreign sales gross profit rate of the company continued to increase by 5.75 and 2.86 percentage points, and the gross profit margin of domestic and foreign sales. The difference is mainly due to the structural differences between the inner and outer tire products.
The China Rubber Industry Association responded to this newspaper that it is paying close attention to the progress of this tire trade friction and organizing relevant enterprises to prepare for war.
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