Suppliers

USTMA Denounces Tariffs on Steel and Aluminum Imports

Posted on June 1, 2018

On Thursday, the Trump Administration imposed tariffs on steel and aluminum imported from Canada, Mexico and the European Union. The U.S. Tire Manufacturers Association (USTMA) wasted no time responding.

"We are deeply disappointed by the Trump Administration’s decision today (May 31, 2018)," said CEO and President Anne Forristall Luke. "Already we are seeing swift retaliation and proposed countermeasures from our closest trading partners, which is harmful to America’s manufacturers, the U.S. economy and our global relationships.

"In addition, our members have been clear about the impact of such tariffs on the growing U.S. tire manufacturing industry. These tariffs could undercut future domestic growth, limit the availability of high-quality steel and impact American tire manufacturing jobs.”

USTMA estimates the U.S. tire industry is worth $27 billion, and is responsible for more than a quarter million domestic jobs.

"Our companies operate 57 tire-related manufacturing facilities in 18 states," she said. "We have enjoyed years of sustained growth, expanding our footprint across the U.S. It’s vital we maintain this domestic growth and economic impact, and yet this action today has the real potential of decelerating these positive trends.

“Finally, imported high-quality steel is critical for tire production. U.S. tire manufacturers depend on grades of steel which are unavailable domestically to produce tires. This is why effective trade policies with countries like Canada and the EU are vital to our business operations.”

Related Topics: Anne Forristall Luke, President Trump, tariffs, USTMA

Comments ( 0 )
More Stories
The Cooper Work Series All-Steel Drive (ASD) tire is an open shoulder steel-belted drive tire.
News Cooper to Unveil 2 New Truck Tires at TMC Show

Cooper Tire & Rubber Co. has expanded its Work Series line of tires with the introduction of two new tires in 19.5-inch sizes (225/70R and 245/70R) for Class 4 through Class 6 trucks and vans.

News Bridgestone's Sales Fall 3% in 2019

Net sales for Bridgestone Corp. in fiscal 2019 were 3,525.6 billion yen, down 3% versus the previous year. Operating profit was 326 billion yen, a decrease of 19% compared to 2018.

The new Conti HSR+ is also available with a matching retread, the ContiTread HSR 16/32-inch all-position retread.
News Continental Is Showcasing Latest Regional Drive Tires at TMC

The newest 19.5-inch tires for Class 4 trucks are among the products Continental is highlighting at the TMC Annual 2020 scheduled for Feb. 25-27 in Atlanta, Ga. the American Trucking Association’s 2020 Technology & Maintenance Council (TMC) Annual Meeting & Transportation Technology Exhibition.

Be the First to Know

Get the latest news and most popular articles from MTD delivered straight to your inbox. Stay on top of the tire industry and don't miss a thing!

We respect your data and privacy.
By clicking the submit button below, you are agreeing with Bobit Business Media’s Privacy Policy and this outlined level of consent.