Earth Day & Tires and What’s Happening With China
Happy Earth Day! In honor of the occasion, we ask that you read this posting online and not print paper copies. It’s a small thing, but the small things do add up! Speaking of Earth Day, today the RMA is exhibiting at "Just Check It Tire Sustainability Fair" in Sacramento. The event is sponsored by
China Tire Prices Rising
Chinese tiremakers are being forced to increase their prices on the back of record natural rubber highs and U.S. import tariffs. Domestic Chinese tire retail prices have jumped by up to 10% per unit, China Daily reported. Hangzhou Zhongce Rubber Co, purportedly the largest rubber maker in China, raised its tire prices 5%, according to
European Wheel Dumping Investigation Could Mean 30% Duty
While everyone has been focusing on the U.S.-initiated anti-dumping tariffs against Chinese-made passenger car tires, another anti-dumping investigation has escaped widespread coverage. In August 2009, the European Commission began an investigation into dumping allegations made against Chinese wheel makers who allegedly sold products into the European markets beneath cost price. At the time, 60 Chinese
Tit-for-Tat: Duties on Chicken Response to Tire Tariff
Chinese officials have fired the next shot in a brewing trade war by slapping anti-dumping duties on chicken products imported from the U.S. The duties, as high as 105.4%, were placed on whole birds, chicken sausage and other products like chicken feet, a delicacy in China. The China Commerce Ministry said the duties will begin
TIA Supports Request for Monitoring Tariff Effects
The Tire Industry Association said it applauds U.S. Representatives Dan Boren (D-2nd OK) and Kevin Brady (R-8th TX) for their letter to U.S. Trade Representative (USTR) Ron Kirk, asking for confirmation that the Obama administration has established a system to monitor the effects of the special tariffs on imports of consumer tires from China. "There are
EU Probes Chinese Wheel Dumping Complaint
According to China’s Ministry of Commerce, 60 Chinese companies are being investigated at an estimated cost of US$390 million in economic losses to wheel exporters. On Aug. 14, the European Commission began an investigation into the alleged "dumping" of Chinese-made aluminium wheels into the European market. The investigation followed Association of European Wheel Manufacturers’ (EUWA)
More on Washington/Colorado Tire Plant Plans
Sparked by the return of Abraham Hengyucius and the ex-American Tire Corp., our friends at the Heavy Treadin’ blog are on top of their game with this post from last week. Some interesting insight… Washington Tire Update: If They Build It, What’s To Come? It’s been quite awhile folks, and American Tire Corp., Washington Tire
WTO Tariff Investigation Begins
The World Trade Organization has officially opened its investigation into the added U.S. tariff on China-produced consumer tires imported into the country. WTO arbitrators will evaluate whether the U.S. tariffs violate rules governing trade among the WTO’s 153 members. These trade cases can take years to resolve, and may result in WTO authorizing sanctions against
U.S. Replacement Tire Market Rebounding
RMA members reported that replacement tire demand in the U.S. grew 9.3% year-on-year in December 2009, from a drop of 16% the year before. Financial analysts pointed out that the overall market volume grew 6.1%, implying that domestic tire manufacturers (namely Cooper Tire and Goodyear) continued to experience market share gains. This is believed to
Union Confident WTO Will Uphold Tariff Decision
The USW says it has “complete faith” that the World Trade Organization will uphold the Obama Administration’s imposition of an added tariff to consumer tires imported to the U.S. from China. Over the weekend, the WTO acted on an appeal from China to investigate the three-year, tiered added tariffs imposed on China-made consumer tires last