Tyre importers up in arms as local producers ask for protection

Tyre importers and transport industry players want the government to slam the brakes on what they term a bizarre application by local manufacturers for anti-dumping duties on various categories of Chinese tyres, saying the tariffs could drive up the cost of tyres by as much as 41%.

Tyres are the third-biggest cost driver in transport after wages and fuel, and any cost increase could have a devastating effect across the economy at a time when many consumers are under the cosh as fuel prices, inflation and interest rates continue to surge...

They are cheap because China gives its companies free water, free electricity, no interest loans, free land. It's dumping

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Proposed duties could lift tyre prices as much as 41%Consumers could be hit by dramatic increases in the cost of transport and goods, say industry bodies
Source: BDliveSA - 🏆 12. / 63 Read more »

SA motorists, transport operators ‘will be hardest hit by proposed tyre duties’SATMC wants additional duties on tyres imported from China, but this would mean small passenger car tyres would cost at least 38% more, truck and bus tyres 17% more & taxi tyres up to 41% more. “SATMC comprises the country’s four largest tyre producers: Continental, Bridgestone, Goodyear and Sumitomo.” Why am I not surprised? When western backed producers can’t compete they come up with dirty tricks. SA_Taxis maybe you should get involved and lobby govt Greatest trader of all time James_Alderson8 I never believe it until I experience it For a start i deposited R50,000 to test the waters in 7 days I got a return of R500,000, he's diligence and honesty is undeniable. Thank you once again James_Alderson8 Great. Support local!
Source: Moneyweb - 🏆 5. / 77 Read more »