Fresh China tyre levy blow to consumers

Fresh China tyre levy blow to consumers

Tyres imported from China have become more expensive.

Tyres
Tyres/ iStock

A new 38.3% levy has come into effect.

 

It's over and above duties of between 25% and 30% that already exist. 

 

The Tyre Importers Association says the additional charges will put consumers under more financial stress. 

 

The association's Charl de Villiers says they'll be felt by private vehicle owners, as well as taxi and bus operators who are likely to pass them on to their customers.


READ: Possible hike in tyre prices latest cost of living headache

 

"It is important to remember that duties are simply another form of tax that consumers and businesses will have to bare. 

 

"This is a fresh blow to cash-strapped consumers as it will materially impact the cost of transport, food and goods, and therefore inflation.


"It will also mean that people will delay replacing their tyres or trade down to illegally regrooved tyres. 


"Both exceptionally dangerous outcomes, especially as we head into the holiday season." 

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