Will The Import And Export Of Rubber Additives Be Affected By The New Wave Of China-US Trade?

- May 24, 2019-

1. China’s imports of rubber additives from the United States and the possible impact of China’s tariffs

1.1 Situation and influence of rubber accelerant imported from USA

From 0:00 on June 1, China will impose import duties of 20% and 5% on rubber accelerants imported from the United States, including 20% on 38121000, 29303000 and 29342000 respectively, and 5% on 29302000.

The total amount of accelerants imported in 2018 was 22000 tons, and the total amount of accelerators imported from the United States was 1539.2 tons, accounting for 6.9 percent. In 2018, the total domestic supply is about 401000 tons, and the accelerant imported from the United States only accounts for 0.4% of the total domestic supply.

1.2 Situation and influence of rubber anti-aging agent imported from the United States

From 0 am on June 1, China will impose import duties of 25% and 10% on rubber anti-aging agents imported from the United States, including 25% on 38123100, 29215190 and 29214400, and 10% on 38123910.

In 2018, the total amount of anti-aging agent imported from the United States was 15400 tons, and the total amount of anti-aging agent imported from the United States was 1287.7 tons, accounting for 8.3 percent. In 2018, the total domestic supply is about 470000 tons, and the anti-aging agent imported from the United States only accounts for 0.3% of the total domestic supply.

In conclusion, both the high tariffs imposed by the United States on China and the upcoming tariff countermeasures by China on the United States have little overall impact on rubber accelerators and anti-aging agents.