U.S. Tire Makers Ask President Trump to Reconsider Steel Tariff
Leaders of 10 tire makers with production facilities in the U.S. have sent a letter to President Donald Trump asking him to rethink his proposed 25% tariff on imported steel, saying the measure would have a significant and negative impact on their business.
The members of the U.S. Tire Manufacturers Association (USTMA) asked the president to exempt the tire industry from the tariffs.
“Our mobile society depends on tires, and our tires depend on specialized steel," says Anne Forristall Luke, CEO and president of the USTMA. "Domestic steel producers simply do not have the ability to produce the type of steel wire rod needed to support the $27 billion U.S. tire manufacturing industry, which is why virtually all of such steel wire rod is sourced from foreign suppliers.
“To levy a 25% tariff on steel imports would cause incredible harm to the growing U.S. tire manufacturing industry and the jobs of hundreds of thousands of hard working Americans who work every day to keep the American economy and military on the road.”
For more information about USTMA, visit www.USTires.org.