Huatai Securities: The EU tariffs are temporarily suspended, but the trend of tire giants going overseas remains unchanged.

Huatai Securities research report stated that on December 18, the European Commission decided to temporarily postpone the anti-dumping preliminary ruling on China's semi-steel tires, but the final ruling is still expected to be implemented as planned in July 2026. The European Union has already initiated anti-dumping procedures on related products, allowing for retrospective imposition of tariffs, and as a result, the quantity of Chinese tire exports to the European Union has significantly decreased recently. Huatai Securities believes that the risk of retrospective taxation by the European Union still exists, and European customers are still seeking overseas stable and secure high-quality production capacity. Top companies with sufficient overseas capacity will continue to accept orders from the European Union to achieve global expansion.