What does the U.S. have against Double Coin?
Wow. The United States Department of Commerce (DOC) wants to come down hard on Double Coin Holdings Ltd. and its domestic marketing arm, China Manufacturers Association LLC.
Want proof? The DOC's International Trade Administration (ITA) wants to levy a 105.59% tariff on Double Coin OTR tires imported by the U.S. from China! That would make any non-Chinese made tire sold in the U.S. much less expensive, hardly the definition of free-market economy.
Our government bases the preliminary decision on the Chinese government's perceived control over Double Coin. In his latest blog, Modern Tire Dealer Editor Bob Ulrich says the degree of government influence doesn't matter. What does matter is the severity of the proposed tariff, which makes no (common) sense.
To find out what all the uproar is about, and what Double Coin plans to do about it, check out Ulrich's blog, "It seems the U.S. government wants to unfairly punish Double Coin.
What are your thoughts on the debate? Is there any way a 105% tariff can be considered fair in this case?
Read the blog, then let us know what you think by leaving a comment.