In the face of the United States tire special security case, Jiangsu Hantai took the initiative to increase the development of European and other international markets. In the past few months, Jiangsu Hantai's exports to the United States have dropped by 15%, and it is expected that it will reach 50% after October and exports to the United States will decrease by more than US$10 million in the three months after this year. The company fully expands its European market and expects European market exports to rise by 10%.

In addition, Jiangsu Hantai seized the opportunity of strong demand in the domestic market to increase the proportion of domestic sales. Affected by lower costs and the country’s stimulus to automobile consumption policies, the domestic tire market has a strong demand, but the competition is fiercer. The company is currently meticulously organizing production and expanding the domestic sales market. From January to August, domestic sales revenue reached 1.31 billion yuan, domestic sales ratio. It reached 55.3%, a year-on-year increase of 10.4 percentage points.

The United States recently decided to add 35%, 30%, and 25% punitive tariffs on all imported cars and light truck tires based on the current import tariff (3.4%-4.0%) for three consecutive years. This move has had a huge impact on China’s tire exports.

Jiangsu Hantai Tire Co., Ltd. was founded in 1996 and mainly manufactures a full range of tires such as radial passenger car tires, light truck radial tires, radial truck tires, and diagonal truck tires. According to customs statistics, in 2008 Jiangsu Hantai exported 329 million U.S. dollars, of which 83.15 million U.S. dollars were exported to the United States.

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