Bridgestone, Goodyear Weigh in on Tariff - Tire Review Magazine

Bridgestone, Goodyear Weigh in on Tariff

Though silent while the government mulled over the USW’s Section 421 complaint about China-made passenger tires, both Bridgestone Americas and Goodyear issued statements regarding the Obama administration’s decision to levy a three-year tariff on the imported tires.

Still deep in negotiations with the USW for a new master contract, Bridgestone Americas remained quite neutral in the controversy. “Bridgestone Americas believes that it’s important that international trade is conducted on a level playing field that fosters healthy competition, leading to innovation, better quality and lower costs for consumers. Reasonable minds can differ on whether or not this situation is one that calls for action at a governmental level. That being said, we continue to remain neutral on this matter and respect the President’s right to take the action announced last week.”

Goodyear, too, stayed in the middle, but hinted at what impacted tiremakers might do: “As a global company with operations in all regions, Goodyear is a proponent of free and fair trade across the globe. We have limited exposure to the kinds of products that are currently coming into North America from China since Goodyear primarily sells its tires in the regions and markets where they are manufactured. Less than 2% of the tires we sell in North America come from China,” the statement read

“There are too many variables to truly understand or estimate the impact at this point. We acknowledge that this ruling will likely impact other regions of the world because of two factors: 1) Tiremakers can shift their current Chinese-based production to other countries to bypass any potential tariffs to serve the U.S., and 2) The excess capacity from China that would become available because of tariffs is likely to flow to other regions.”

You May Also Like

Schaeffler Group USA expands product portfolio

Seventy new parts have been added to the INA, LuK and Schaeffler Bearings.

Schaeffler-70-new-parts

Schaeffler Group USA has expanded its parts offerings for vehicles in the United States and Canada, adding over 70 new parts to the INA, LuK and Schaeffler Bearings portfolios. These additions expand application coverage to an additional 30 million vehicles in operation, the company said.

New LuK products include nine different clutch kits, including traditional LuK RepSets and RepSet DMFs. The newly released clutch kits provide coverage to many common vehicle applications, including various Toyota, BMW and Volkswagen models, accounting for 4.3 million vehicles in operation, the company said.

GT Radial achieves double podium finish at Formula Drift Championship

GT Radial driver Simen Olsen of Norway claimed second place, while Aurimas “Odi” Bakchis of Lithuania finished third.

GT-Radial-Formula-Drift
Chapel Hill Tire introduces nine-month leadership program

The company said its program aims to boost productivity through time management and workforce management techniques.

Chapel-Hill-Tire-New-Location-1400
SRNA promotes Wayne Horne to strategic account manager

Horne has been a part of SRNA for nearly eight years and held various roles throughout his tenure, starting in customer service.

SRNA-Wayne-Horne
Yokohama Rubber donates to Eastern Taiwan earthquake relief

Through its Yokohama Magokoro Fund, Yokohama Rubber will donate a combined ¥1 million (approx. $6,380).

donate-stock

Other Posts

Continental acquires mold specialist EMT for commercial and specialty tires

With the acquisition of EMT, Continental said it can independently produce tire molds for all applications if required.

continental_pp_tiremold
TBC Corp. employee children enjoy ‘Take Your Child to Work Day’

The kids had a jam-packed day learning about tires, and even ate lunch with the company’s new CEO, Don Byrd.

TBC-Bring-Kids-to-Work-Day-CEO-1400
Mitas, Trelleborg to increase prices globally

The companies said this decision is a response to significant inflation.

BKT celebrates International Day of Sport for Development and Peace

BKT said it has made an effort to show a commitment to supporting sports through multiple initiatives, partnerships and sponsorships.

BKT-sports-sponsorships