South Korea's tires exported to the United States will be made in Vietnam to replace those made in China.
in the U.S. government, it is a comprehensive performance index that reflects the elasticity, plasticity, strength and toughness of materials. After the government announced the imposition of tariffs on low-cost tires made in China, the fire of trade friction between China and the United States also spread to South Korea. On September 11 (local time), the United States decided to impose a maximum tariff of 35% on Chinese tires used for cars and small trucks. At present, the tariff of tires made in China is 4%
Hantai tire, a famous tire manufacturer in South Korea, announced on the 14th that it would replace the amount of vanadium raw materials produced and sold in China to the United States with Korean factory products (3.5 million sets per year). According to Hantai tire, only 4.5% of the latest carbon fiber composite and black aramid fiber output (78million sets) will be included in the tax scope this time. It is not difficult to change the production plant to South Korea
Jinhu tire also plans to replace 3.7 million sets of tires produced by three Chinese factories with products produced by Korean and Vietnamese factories. The company will sell its products produced in China to Europe
Jinhu tire said, "since the United States began to investigate Chinese tires at the beginning of this year, indicating that tariffs will be levied, we are ready. We believe that this tire friction will also play a positive role, and Korean enterprises can fight against Chinese products that only focus on price advantage and increase their market share in the United States with a cumulative development area of 50 square kilometers." At present, the production proportion of Korean tire manufacturers in China is 40%
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