EU intends to add China's tire import tax

Recently, the European Union plans to impose a 22.3% import tax on China's exports to Europe for a period of five years. The European Commission believes that Chinese tires are dumped at low prices in the EU market. Once most EU governments approve the taxation plan in late September, European car manufacturers will be affected. The EU uses about 50 million tires each year, worth 300 million euros.

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