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Tire tariff on Chinese imports

Industry News | November 1, 2009 | By:

President Barack Obama imposed tariffs of up to 35 percent on illegally subsidized tire imports from China, a move celebrated by textile manufacturers and blasted by the Chinese. The action follows a determination by the U.S. International Trade Commission that a harmful surge of Chinese tires disrupted the U.S. market. The action, taken under Section 421 of the 1974 Trade Act, is considered the easiest, least costly and most direct route to get relief. Lloyd Wood of the American Manufacturing Trade Action Coalition advocated a comprehensive approach to illegally subsidized trade, which he says has created a cumulative $3.8 trillion trade deficit since 2001.

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