After the US Tire Special Protection Program came into effect in September 2009, it began to impose a 35 percent additional tariff in 2010. China's tire industry is worsening. The latest statistics show that only Jiangsu exported tires last year fell by a quarter.

The United States is the largest exporter of Chinese tires, accounting for about 35% of China’s total tire exports. On September 11, 2009, US President Barack Obama signed an order to impose a three-year heavy tax on Chinese tires. This action has caused a great blow to China's export of tires to the United States. At the beginning of the new year, 35 percent of the additional U.S. tariffs in the United States will further affect China's tire exports. The introduction of new EU standards will also increase the threshold for China's exports to Europe.

Jiangsu is an important tire production base in China. It has the second largest tire export volume in the country, accounting for about one-fourth of the country’s total exports of tires. The world-famous tire companies Bridgestone, Yokohama, Sumitomo, Cooper, Kumho, Hankook, Zhengxin, Jianda, Nangang, and Huafeng all invested in factories in Jiangsu. According to statistics from the Jiangsu Inspection and Quarantine Bureau, in 2009, Jiangsu exported more than 68 million tires, which amounted to more than 1.18 billion US dollars, a decrease of 25 percent, and a decrease of 22 percent.

Industry analysts believe that: Last year, Europe and the United States fell sharply in car sales, Europe and the United States automobile manufacturing significantly reduced production. As the financial crisis gradually spread to the real economy, the global auto market has been shrinking and the demand for tires has been reduced accordingly. In addition, after the decline of the real economy in the United States and Europe, trade protectionism has risen and external tire testing standards have become more stringent. At the same time, China is the world's largest consumer of rubber. The cost of raw materials has risen as the international market fluctuates. Tire production profits have become thinner and thinner.

Therefore, tire companies in Jiangsu are actively seeking other overseas markets and expanding into emerging markets such as Asia and Africa to offset the impact of the United States, the European Union and other markets; many companies are still trying to “go out” and shift production to production. Foreign countries invest and cooperate in other areas to build factories and try to avoid foreign anti-dumping trade risks.

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