EU Imposed Punitive Tariffs On Chinese Automobile Yarns

According to foreign media reports, European Union Declare right China export To the European Union Tariff for yarn in automobile industry The application time is 5 years, and the tariff rate is as high as 9.8%. This tax will take effect in December 3rd. The European Commission said that the price of polyester yarns from China is too low, which is a dumping behavior. The tariff will affect Chinese exporters, including Taiji industrial Limited by Share Ltd and other companies in Wuxi.

According to the analysis, the EU tariff adjustment is obviously punishing. In the 12 months before June 2009, the total export volume of Chinese enterprises to the EU increased by 2 times compared with that in 2005, while the share of European producers in their domestic market dropped from 51.1% to 39.2%.

Polyester yarns can be used for tire reinforcement, seating and other conveyor belts. Recently, in order to protect the interests of European auto manufacturers, the EU has frequently imposed tariffs on automobile raw materials exported to China. In October 2010, the EU increased tariffs on imports of China's aluminum alloy wheels to 22.3%. In June 2010, the EU imposed a 20.6% tariff on imports of aluminum wheels from China.