Titan International Inc. Chairman Maurice "Morry" Taylor says tariffs on off-the-road tires are "an important step in restoring conditions of fair trade."
Titan petitioned the U.S. government, alongside the United Steelworkers, seeking tariffs on OTR tires from India and Sri Lanka. Read about the rates set here.
In a statement, Taylor says:
"We thank the government agencies for their diligence throughout the investigations. On behalf of our shareholders and workers, we are pleased that the U.S. government's investigations have confirmed that our industry has been materially injured by certain imports from India and Sri Lanka that were found to have been subsidized and/or dumped. Imposition of the orders is an important step in restoring conditions of fair trade. We believe that the level of subsidization may be larger than was found in the original investigation, and we plan to monitor developments in both countries to evaluate whether the full measure of unfair trade is offset through the issuance of the orders and any subsequent administrative reviews.
"Titan has been fighting for years to safeguard the rights of U.S. producers of certain OTR tires and their workers to conditions of fair trade. These recently issued orders on imports from India and Sri Lanka are another important step in that process. If the president adds additional tariffs on OTR tires, as he has said, this will further assist in the fight for fair trade."