Truck tire makers in China are poised to get some tariff relief as the Department of Commerce conducts a regular review of the countervailing duties that were imposed in February 2019.
Is there still a place for the smaller wholesale-distributor? Who will be making the next dealership acquisition? And what about Amazon? MTD columnist John Healy examines challenges tire dealers face in 2020.
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.
It’s been a year of rapid change for commercial tire dealers as they continue to invest in acquisitions and expansions in the face of intensified competition.
Acquisitions have fueled much of the growth at McCarthy Tire Service Co. Inc. But the strategy and drive come from the company's president, John McCarthy Jr. He's our 2019 Tire Dealer of the Year.
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.
Retreaders are eager for the boost the new countervailing and antidumping tariffs on truck and bus tires from China are expected to generate for their industry.
It didn't take long for the truck tire tariffs to be implemented. On Jan. 30, 2019, the International Trade Commission reversed an earlier decision and ruled the U.S. tire market was being harmed by the importing of truck and bus tires from China.
In America it has been a common practice for a few years now, but finally Europe is looking toward implementing import tariffs on all new and retreaded commercial vehicle tires that are manufactured in China.
