Since October 1, 2024, the price of automobile tires imported from China has increased significantly due to new tariff measures imposed by the Mexican government. In this article, we want to explain how these measures affect prices and why this increase is beyond our control. We believe in being transparent with you because we know that when you understand the situation, you can make better-informed decisions.
What Are Compensatory Tariffs?
Compensatory tariffs are additional taxes that the government imposes on certain imported products to balance trade. In this case, they have been imposed on new radial construction tires for automobiles originating from China. These measures aim to counteract the damage that, according to authorities, unfair trade practices could be causing to local producers.
What Are the New Tariffs?
The compensatory tariffs vary depending on the tire manufacturer:
- Shandong Linglong: 19.37%
- Shandong Changfeng Tyres: 7.16%
- Wanli Tire: 32.24%
- Zodo Tire: 5.18%
- Shandong Haohua Tire: 11.55%
- Other specific manufacturers:: 14.82%
- Manufacturers that did not participate in the investigation:: 32.24%
These tariffs apply to the customs value of the tires when entering the country. This means that, depending on the manufacturer, tire prices may have increased considerably.
Why Have Prices Increased?
We want to make it clear that this price increase is not a decision by our company. These compensatory tariffs are imposed by the Mexican government and affect the entire industry. As importers, we must comply with these new regulations, and unfortunately, this translates into higher costs for our customers.
We know that the price increase is not good news, but it is important for you to understand that this adjustment is beyond our control. Our priority remains to offer you high-quality tires at the best possible prices, and we are committed to finding alternatives that can help mitigate these costs in the future.
How Does This Affect You?
Depending on the tire brand you choose, the price increase will vary. For example, Wanli Tire Wanli Tire tires now have a tariff of 32.24%, which significantly impacts the final price. On the other hand, Zodo Tire only have a tariff of 5.18%, which represents a smaller increase. We want to help you find the best option for your needs and budget, so if you have questions about which brand to choose, we are here to assist you.
Our Commitment to You
At Quinta, we have always believed in transparency and putting you, our customer, first. These new measures are a challenge, but we are committed to continuing to offer optimal solutions and supporting you every step of the way. We know that the cost of tires is a crucial factor for your operations, and we are working to find options that allow you to move forward with minimal impact.
If you have any questions about these new tariffs or how they affect prices, please do not hesitate to contact us. We are here to help you navigate these changes and continue to be your ally on the road.
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