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Chinese auto tire-makers reach a consensus that they will raise the price on tire exports to the US over the US levying tariffs on Chinese-made tires. According to Guangzhou Huanan Rubber Tire Co., Ltd tells to reporter that many Chinese tire exporters are also urging the government to offer higher tax rebates.
Shandong Linglong Rubber Co Ltd estimates that its tire is $30 to US importers. The price will jump to $40 after the tariff up. At present, many Chinese tire companies have begun exploring new overseas markets outside the US. That will generate more profit from those markets that offsets the US market impact.