The label may counterbalance the end of US tariffs, says CRIA
On its Chinese-language website, the China Rubber Industry Association links the recently-expired US tariff on consumer tyres with the European tyre label – and refers to both as a “double whammy” for China’s tyre makers. The tariff, which the association also called an attempt at trade protectionism, is held responsible for China’s tyre passenger car and light truck tyre exports to the US dropping from 43 million in 2009 to 31 million in 2010 and 27.3 million the following year.