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.
China made a big comeback in 2018 in the truck tire market.
Of the 1,300 Chinese products the U.S. Trade Representative has recommended should be subject to an additional 25% tariff, there are some tires on the list. But there are also items critical to the manufacturing and retreading of tires.
President Donald Trump is stepping up his tough talk on trade with action, and has asked U.S. Trade Representative Robert Lighthizer to identify Chinese products that should be subject to tariffs.
Attorneys for the United Steelworkers (USW) have laid out their case with the ways they believe the International Trade Commission (ITC) erred in February when it didn’t order tariffs on truck and bus tires from China.
The U.S. Department of Commerce (DOC) is once again revising the tariff rates charged to importers of off-the-road tires from China.
Commercial truck and bus tires imported from China are benefitting from subsidies from the Chinese government, and as a result the U.S. Department of Commerce (DOC) says those tires should be subject to tariffs up to 23.38%.
Importing low-cost, low-quality tires from China isn't an issue of isolation for the U.S. The European Retread Association, Bipaver, says after five years of Chinese truck tires being dumped in Europe, "market conditions have worsened quickly over the last year mainly due to an increase of anti-dumping regulations in neighboring continents."
If the process that lead to the imposition of tariffs hasn’t left you confused already, this might do the trick. Importers of tires from China aren’t being billed for both the anti-dumping (AD) and countervailing (CVD) duties.
One tire manufacturer was dealt a one-two punch by the latest calculation of anti-dumping and countervailing duties by the U.S. Department of Commerce.
When tire companies say they are going to take a "wait-and-see" approach to the tariff situation, they generally mean one of two things.
Sentury Tire Americas says the latest ruling on anti-dumping and countervailing duties levied against tires imported from China isn't deterring its growth plans for the U.S. market.
Another hearing, more testimony, and yet, the waiting continues for official word on anti-dumping and countervailing duties on passenger and light truck tires manufactured in China.