If you want an additional tariff imposed on consumer tires imported from China — and there are a lot of you in the tire industry who do — then time is probably of the essence.
If you don’t want the tariff, then you probably hope the United States International Trade Commission (ITC) takes its time in making a decision.
(Remember, there is already a “permanent” 4% tariff on Chinese consumer tire imports.)
So, how close is the ITC to making a decision? And why am I emphasizing “time” so much?
Answer to question No. 1: Not that close. The due date for a preliminary determination by the U.S. Department of Commerce has been moved to Nov. 21 because it needs more time to study the nature and extent of the subsidy programs under investigation. That should move a final determination, and subsequent implementation, of a tariff into 2015.
(For clarification, the United Steelworkers International union is alleging Chinese consumer tire imports are being sold in the U.S. at less than fair value, and being subsidized by the Chinese government.)
Answer to question No. 2: Assuming the ITC determines an additional tariff of some kind is necessary for passenger and light truck tires — not ST tires — imported from China (and it will), there are two important, time-sensitive details that need to be addressed. First, how long will the tariff last? Unlike the 2009 tariffs, which were associated with the World Trade Organization, these tariffs are generally put into place for a minimum of five years.
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We have several warehouses full of tires and ship all over the USA daily. Give us a call at 1-888-513-8473 and check out our website http://www.yournexttire.com