By Miles Moore, Senior Washington reporter (Tire Business)
Beijing -- The Chinese Ministry of Commerce has imposed tariffs of as much as 96.5 percent on nylon 6 -- used in tyre cord, hosiery, knitted garments, etc. -- imported from the US and other countries.
The final tariff nearly triples the preliminary antidumping duty of 36.2 percent the ministry recommended last October for US-sourced nylon 6, also known as polycaprolactam. The 96.5-percent level covers all US nylon 6 exporters except Honeywell Resins & Chemical llc, which will be charged the 36.2-percent tariff, and the US arm of BASF, which will be levied a duty of only 29.3 percent, according to news reports from China.
Nylon 6 from Taiwan, Russia and the European Union will be charged tariffs ranging from 4 to 23.9 percent. Those rates are unchanged from last October, when China started collecting security deposits on nylon 6 imports.
News of the tariffs created concerns among US tyre distributors as to how they would affect the price of tyres imported from China.
â€œAnything that impacts the prices of tyres from China impacts everyone who imports tyres from China,â€ said Pat McLaughlin, president of private brander Sure Tire Co. in Wentzville, Missouri.
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Tire Business (a Crain publication)