
The U.S. International Trade Commission voted to have current tariffs on imported passenger vehicle tires and light truck tires from China to remain in place.
The U.S. International Trade Commission voted to have current tariffs on imported passenger vehicle tires and light truck tires from China to remain in place.
The imposition of aggressive anti-dumping and countervailing duties on Chinese-made medium truck tires arguably has been the most significant development to hit the domestic retreading industry in many years, and the impact of those actions is something that the Tire Retread & Repair Information Bureau (TRIB) is monitoring closely.
With tariffs as high as 30% on imported goods, at least a portion of the increased prices of truck parts are being passed onto fleet consumers. So what's the best way for fleets to deal with it?
Expect higher prices and tighter supplies. Imports of radial truck tires from China into the U.S. have dropped 25% in the first three months of 2019, from more than 1.8 million to just shy of 1.4 million, compared to the same period a year ago.
Truck and automobile components and parts manufacturers came out strongly against President Trump’s latest threat to impose a 5% tariff on Mexican imports, saying that it would only serve as an additional tax on the American people and put jobs and investment in the U.S. at risk.
It didn't take long for tariffs to be implemented after the International Trade Commission reversed its stance on imported tires from China. As of Feb. 15, new tires from China are being subjected to tariffs.
Despite an overall positive truck sales forecast for 2019, tariffs and trade wars could be stumbling blocks that trip up the economy and send freight and truck sales downward, said two longtime industry analysts.
A team of Retread Instead supporters participated in this year’s Tire Industry Association-sponsored Federal Lobby day educating legislators on the economic benefits of tire retreads compared to cheap foreign options.
The EU has planned to issue retaliatory tariffs in response.
Low cost Chinese tires and other changes to the commercial tire market are forcing top-Tier OEMs and dealers to rethink the services they offer fleets today.
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