According to the Guotai Junan Research Report, the domestic tire industry is booming, and related companies said on an interactive platform that orders for semi-steel tires are still full. The US is against Thailand. The final tax rate for Thailand's Senkirin Semi-Steel is 1.24%, and the final tax rate for other Thai tire companies exporting to the US is 4.52%, which is a significant reduction from the original tax rate in the previous round. The initial ruling on all-steel tires exported from Thailand to the US. The tax rate for Pulin Chengshan was 0%, and other companies were 2.35%. Vietnam's tax rate in Southeast Asia is low. There is no double anti-tax in Cambodia, and the tax rate advantage for overseas bases is obvious. Various companies such as Sailun Tire, Linglong Tire, Morikirin, and GM Co., Ltd. have recently set up industrial bases. 2024-2026 will usher in a period of release of the company's production capacity, and growth is strong.
国泰君安：半钢胎高景气延续，海外基地税率优势明显
Cathay Pacific Junan: The boom in semi-steel tires continues, and the tax rate advantage for overseas bases is obvious
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