High-end Tiremakers to Benefit from EU Tariffs on Chinese Imports

Dow Jones07-08 17:24

0924 GMT - Tier 1 tire companies Michelin, Goodyear, Continental and Pirelli should get a positive sentiment boost from the European Commission's decision to impose antidumping duties on car and light-truck tire imports from China, Citi says. The bank says the commission's year-long investigation found these imports caused material injury to EU producers. The duties apply in addition to the EU's normal customs tariff and take effect from Wednesday. They cover Chinese-passenger car tires sold into the bloc and average 24.4% for cooperating companies, 45.3% for other players and a lower 4.3% for Hankook entities.(dominic.chopping@wsj.com)

(END) Dow Jones Newswires

July 08, 2026 05:24 ET (09:24 GMT)

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