A 186-page final report from the International Trade Commission following its vote to impose tariffs on off-the-road tires from India and Sri Lanka provides insight into the OTR tire market. One takeaway: there are four things more important than price.
It all comes down to supply and demand. Well, at least those are a couple factors the International Trade Commission considered when it decided not to impose tariffs on truck and bus tires imported from China.
The International Trade Commission (ITC) says there’s evidence of “significant” underselling of Chinese truck and bus tires from 2013 to 2015, and that the underselling margins generally increased over that time frame.
Titan International Inc. Chairman Maurice "Morry" Taylor says tariffs on off-the-road tires are "an important step in restoring conditions of fair trade."
The Department of Commerce (DOC) has slightly decreased the tariff charged on off-the-road tires from India.
The leader of the United Steelworkers union says the International Trade Commission has made "a huge mistake" in not imposing tariffs on truck and bus tires from China. And based on early feedback from Modern Tire Dealer readers, tire dealers and particularly retreaders agree.
The U.S. Department of Commerce (DOC) has admitted errors in its tariff calculations on two truck and bus tire manufacturers in China, and as a result has lowered the rates Double Coin Holdings Ltd. and Guizhou Tyre Co. Ltd. — and all companies — will pay.
The United Steelworkers (USW) union says the vote by the International Trade Commission to impose tariffs on off-the-road tires from India and Sri Lanka "is very welcomed by all American tire workers."
The U.S. Department of Commerce (DOC) has reversed course in one of its tire tariff investigations after discovering its previous calculations were incomplete. The result is now all but one off-the-road (OTR) tire manufacturer will pay an anti-dumping tariff on OTR tires made in India.
This week, the International Trade Commission (ITC) heard testimony from all sides related to imposing tariffs on truck and bus tires from China. Tire manufacturers in China clearly have a stake in the issue, and the trade association representing them brought their issues to Washington, D.C.
The United Steelworkers (USW) union is celebrating the Department of Commerce's decision to impose tariffs on truck and bus tires imported from China, and says those imports are threatening jobs at tire plants across the U.S.
The U.S. Department of Commerce (DOC) has more than doubled some of the tariff rates it says are necessary to offset the subsidies and dumping of Chinese-made truck and bus tires imported into the U.S.
Most off-the-road tire manufacturers in India and Sri Lanka will pay slightly lower tariffs on their imported products following the final stage of investigation by the U.S. Department of Commerce (DOC). The exception is Balkrishna Industries Ltd. (BKT).