U.S. is "Tired" of Too Many Imported Chinese Tires

Posted by Marketing Coordinator on Tue, Jun, 30 2009 @ 9:37 AM

After the United Steelworkers Union brought a case before the International Trade Commission(ITC), the US federal agency is recommending tariffs be placed on imported Chinese tires, reports the Finanical Times in the U.K. The Union stated a surge of imported of Chinese tires has affected domestic tire makers, causing an estimated 7,000 lost jobs. The recommendation from the ITC is to impose a $1.7 billion tariff on Chinese tires for the next 3 years.

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Topics: United Steelworkers Union, Tire imports, US-China Trade, Global Trade Relations, International Trade Commission