The US-initiated special tire protection program injured China’s tire export industry, and the US’s own consumer industry was also hurt by its counter-blade. The reporter learned from the Fair Trade Bureau of the Ministry of Commerce on February 3 that on January 29, the Chairman of the US Consumer Industry Trade Action Alliance, consisting of U.S. manufacturers, retailers, and distributors, sent a letter to the U.S. Trade Representative’s office asking him to reconsider and terminate. Tyre protection measures.
The U.S. Consumer Industry Trade Action Alliance believes that tire-insurance measures taken at the request of a small number of people do not consider the impact on the consumer industry and the wider economy. This is wrong. The 35% special tariff currently being implemented has more seriously affected the poor in the United States than the rich. Due to the existence of this tariff, the situation of US automakers, tire distributors, retailers and general consumers has become even worse. These damages cannot offset the so-called "benefits" obtained by American tire workers. Since tire-insurance measures do not give the U.S. economy a net benefit, they should be terminated to the extent permitted by law.
Guangzhou Securities analyst Lin Sui-lin believes that after the introduction of the US-China Tire Special Security Project, the pace of domestic tire industrial restructuring has had to be accelerated. The development of China's rubber industry is facing adjustments, transformations, and restructurings to promote China's rubber industry out of adversity. It is expected that the integration of the tire industry will begin. At the same time, the recent production costs have soared and the domestic tire industry has been in a difficult position. After the first price increase in January, it is brewing for the second price increase after the Spring Festival.
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