China's Tire Globalization Road
The United States once again wielded the big stick of sanctions against China. On March 4, the United States imposed a 10% tariff on Chinese goods exported to the United States on the grounds of the so-called "fentanyl problem". China's Ministry of Commerce, Ministry of Foreign Affairs, and State Council Information Office responded with seven consecutive strong responses, including "precision strikes" and "rule hedging".
First, it directly hit the vital point of the US economy, and every move was fatal: at the economic level, targeting the US agricultural and people's livelihood sectors, China imposed a 15% tariff on agricultural products such as chicken, wheat, and corn, and a 10% tariff on soybeans, pork, etc., directly touching the core interests of the US iron vote bank and agricultural states.
At the same time, 15 US entities including Leidos were included in the export control list to further strengthen the countermeasures against US technological containment. US companies such as Tecom that participated in arms sales to Taiwan or conducted so-called military and technological cooperation with Taiwan were included in the unreliable entity list, and an anti-circumvention investigation was launched on relevant US optical fiber products. At the rule level, China filed an additional lawsuit against the US unilateral tariff increase measures in the WTO, intending to win the support of the international community.
The spokesperson of the Ministry of Foreign Affairs stressed that pressure, coercion and threats have never been the right way to deal with China. If the United States really wants to solve the fentanyl issue, it should consult with China on the basis of equality, respect and reciprocity to resolve their respective concerns.
But if it has other intentions and insists on a tariff war and a trade war, China will fight to the end. When talking about Sino-US relations today, the spokesperson of the National People's Congress press conference also said that China will never accept pressure and threats.
According to foreign media reports, on March 3, Eastern Time, the United States announced that it would impose another 10% tariff on Chinese products exported to the United States from March 4 on the grounds of fentanyl and other issues. Related link: The world warns Chinese tires again.
The Sino-US trade war is on the rise
As early as June 29, 2009, a gloomy day, the US International Trade Commission put forward a sharp proposal to impose special tariffs of 55%, 45% and 35% on Chinese passenger car and light truck tires exported to the United States for three consecutive years. This is like dropping a heavy bomb on the lake of international economic and trade relations, setting off a storm.
According to the procedure, on September 11, 2009, US President Obama made a decision to impose restrictive tariffs on the special protection case of Chinese tires for a period of three years. This move is like a solid trade barrier, lying between the tire trade between China and the United States.
On December 13, 2010, the WTO made a ruling to reject China's complaint. The seemingly cold conclusion of the arbitration panel - the United States' punitive tariffs on Chinese tires sold to the United States in September 2009 did not violate WTO regulations, was like pouring cold water on the heads of Chinese tire companies.
On September 5, 2011, the World Trade Organization ruled that China lost the case. This result was like the clarion call of the long tire trade war. Since then, the tire trade war that lasted for more than ten years has opened the heavy and smoke-filled curtain. This is also a famous tire special protection case in the history of tire development!
Chinese tires exported to the United States suffered another critical hit
The latest data shows that from January to November 2024, the number of tires imported from China to the United States totaled 23.01 million, a year-on-year decrease of 2%. Among them, passenger car tires fell 35% year-on-year to 1.46 million; truck and bus tires fell 22% year-on-year to 1.43 million. What's worse is that in addition to the United States, the center of the storm, Chinese tires have suffered the nightmare of "global ban" worldwide.
Brazil, Thailand, South Africa, the European Union, Mexico, Eurasia and other countries and regions, like a group of sharks smelling blood, have launched anti-dumping investigations on various Chinese tires. The global trade war is like a raging fire, and it continues to escalate. Chinese tires are facing the most comprehensive siege in history. It's like a cruel wheel war, and Chinese tire companies are surrounded by enemies.
At the same time, Chinese tires continue to increase their investment in overseas factories. The only way for Chinese tires to go out is full of thorns, but Chinese tire companies are still trying to grab more shares in the global tire market.
Trade protection can't stop Chinese tires
The rounds of bullying against Chinese tires in multiple overseas markets are actually due to the fear of the growth of Chinese tire brands and product market share.
Chinese tires' high-cost-effective tires are extremely popular in overseas markets. At the same time, with the continuous improvement of the gold content of domestic tires, domestic brands have begun to emerge in overseas high-end markets. From products to brands to services, every step is closely catching up with tire giants. Although it is empty talk to say that there is no gap with international big brands, more and more consumers recognize and are willing to support Chinese tires, which is the best proof that Chinese tires have gotten rid of scattered, chaotic and poor performance.
As the elimination of backward production capacity gradually comes to an end, the "V-shaped cluster" of China's tire industry has been formed, and the leading companies have more energy to fight with overseas tire companies in the high-end market - even if the road ahead is not smooth, we believe that as long as we focus on quality and technology, the future of Chinese tires will still be infinitely exciting!
