Eu cancel anti-dumping duties on Chinese tyres. On May 4th the European Union’s General Court issued a new ruling. The court ruled to cancel anti-dumping and countervailing duties on Chinese truck tyres
The “double reverse” tax on these products was set by the European Commission in 2018.The rate is imposed for five years and does not expire until 2023.
The Eu’s general Court found that the Commission had not made a fair price comparison. If the agency does not comply with the ruling, it has until July 2022 to choose to appeal
So far, the European Commission has not made any comment on the ruling or the appeal
European tire industry experts said,Even with restrictions on Chinese tires, tires from other countries continue to flow into Europe.