Tag Archives: Trade

President Donald Trump to Nominate the Final Stop on the ITC

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The International Trade Commission (ITC) is a step closer to having a full six-person membership. Jason Kearns, who had been nominated to the commission by President Barack Obama days before he left office, is expected to be re-nominated for the same post by President Donald Trump.

The president announced his intention to nominate Kearns on June 26.

The vacancy on the commission became important to the tire industry in February when the ITC voted 2-3 against the imposition of tariffs on truck and bus tires imported from China. A sixth member of the commission recused himself from the tariff investigation, and many cited his absence as the key factor. If the commission’s vote had resulted in a tie, tariffs would have been imposed.

Kearns, of Colorado, currently serves as chief international trade counsel, on the Democratic staff, to the Committee on Ways and Means in the U.S. House of Representatives. He advises members of Congress on legislation related to trade and oversight issues with the office of the U.S. Trade Representative. He previously served three years in the Office of the General Counsel to the U.S. Trade Representative, and from 2000 to 2003 worked in international trade with the law firm WilmerHale.

If approved, Kearns would serve the remainer of a nine-year term, which expires Dec. 16, 2024.

In May Marangoni Tread North America Inc. filed a petition on the White House website on behalf of the retreading industry, asking the president to fill the vacant spot on the commission, and hopefully review the truck tire case. The petition fell far short of its goal of 100,000 signatures, which is the threshold for the White House to respond to any petition it receives.

In a press release following the president’s nomination announcement, Marangoni says, “The petition drive was linked to the industry’s desire to see the U.S. government reconsider an investigation into the perceived damage to the U.S. truck tire manufacturing and retreading industries from low-priced, low-quality Chinese imports.”

href=”http://www.moderntiredealer.com/article/724011/implement-tires-take-on-tougher-stubble-bigger-equipment-and-heavier-loads” target=”_blank” rel=”noopener”>MTD

Your Next Tire has all your tire needs whether you need tires for your minivan, backhoe, dump truck, lawn mower, atv, semi truck or Ford F150.

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


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ITC: Chinese Imports Did Not Depress US Truck Tire Prices

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Data provided to the International Trade Commission (ITC) shows imported truck and bus tires from China undersold domestic like products in 55 of 56 quarterly comparisons.

At the same time, the ITC says the underselling didn’t force a drop in U.S. tire prices.

Two members of the ITC said they didn’t see evidence of injury to the domestic truck tire market, and instead noted “the domestic industry’s performance improved.”
The disconnect in prices is revealed in a 154-page explanation of the ITC’s vote on March 11 to continue its preliminary investigation of imported truck and bus tires from China. The U.S. Department of Commerce is now conducting its own investigation of whether imported tires from China should be subject to countervailing and anti-dumping tariffs.
Four domestic truck tire producers — Bridgestone Americas Tire Operations LLC, Continental Tire the Americas LLC, Goodyear Tire & Rubber Co., and Michelin North America Inc. — and 21 importers provided pricing data for four products.

“The data show that subject imports undersold the domestic like product in 55 of 56 quarterly comparisons. Virtually all of the subject imported tires for which prices were reported undersold domestic industry prices.

“The data also indicate that the underselling margins of subject imports were high, ranging from 13.7% to 67%, and that these underselling margins increased steadily over the course of the period of investigation. This underselling enabled subject imports to gain market share at the expense of the domestic industry during the period of investigation. We find this underselling to be significant for purposes of our preliminary determinations.”

But in the next paragraph, the ITC says the prices of those imported tires didn’t depress the prices of U.S. products “to a significant degree.”

The manufacturers and importers compared prices on tires in these sizes.

11R22.5, 16 ply rating, load range H, speed rating L

11R24.5, 16 ply rating, load range H, speed rating L

295/75R22.5, 14 ply rating, load range G, speed rating L

285/75R24.5, 14 ply rating, load range G, speed rating L

“The pricing data indicate that both prices for the domestic like product and subject imports declined over the period of investigation. From 2013 to 2015, declines in prices for the domestic like product of the four pricing products ranged from 10.9% to 13.5% for aftermarket sales, and from 8.2% to 12.3% for OE sales.

“Subject import price declines for aftermarket sales ranged from 30.6% to 36.3%.”

The commission notes that the price drops coincided with a drop in raw material prices, and at this point, the ITC isn’t able to determine whether the domestic price declines are due to imports, or other factors. The ITC says it will seek additional information in the next stage of the investigation regarding the factors that contributed to the price declines.

At the same time, the ITC said it couldn’t determine that imported truck and bus tires prevented domestic tire manufacturers from increasing prices.

“The domestic industry’s unit costs declined, as did its ratio of cost of goods sold to net sales. Thus, the domestic industry did not have an incentive to raise its prices due to increasing costs. Further, even though apparent consumption increased, the record in these preliminary investigations does not show any unsuccessful attempts by the domestic industry to raise its prices.”

A dissenting view

Two ITC members saw no indication that the U.S. tire industry was being harmed or threatened by truck and bus tires imported from China, but they were in the minority. Still, Commissioners Meredith Broadbent and Scott Kieff presented their dissenting views.

They based their dissenting votes on four factors, two of which come down to dollars and cents: “the lack of significant price-depressing or suppressing effects, and the high and increasing profitability of the domestic industry throughout the period of investigation.”

As to the latter, the commissioners wrote, “The domestic industry’s performance improved in almost every category for which information was collected over the period of investigation.”

Capacity utilization increased, from 83.8% in 2013 to 93.5% in 2015. Domestic and export shipments in 2015 were higher than two years earlier, and net sales were higher, too. The number of production workers, their hours worked and their wages paid, all rose.

And, “the domestic industry’s financial performance improved in every metric.” The industry “had high and rising profits” throughout the period of investigation.

“Not only did the industry show consistent and significant improvement in almost every metric, it did so as subject import volume was increasing. The industry’s highest levels of production, capacity utilization, employment, and profits occurred in 2015, as subject import volume and market share peaked.” — Joy Kopcha

Source MTD

Your Next Tire has all your tire needs whether you need tires for your minivan, backhoe, dump truck, lawn mower, atv, semi truck or Ford F150.

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


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Chinese Tire Import Facts From the ITC and USW

Why did the United States International Trade Commission (ITC) determine, in its own words, “there is a reasonable indication that a U.S. industry is materially injured or threatened with material injury by reason of imports of certain passenger vehicle and light truck tires from China that are allegedly subsidized and sold in the United States at less than fair value”?

Here is the fact sheet from which the ITC based its decision (“ITC says Chinese imports may be harmful”).
1. Number of domestic tire producers in 2013: Nine.
2. Location of producers’ plants: Alabama, Arkansas, Georgia, Illinois, Indiana, Kansas, Mississippi, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina and Virginia.
3. Employment of production and related workers in 2013: 29,000.
4. Apparent U.S. consumption in 2013: $22.3 billion.
5. Ratio of the value of total U.S. imports to total U.S. consumption in 2013: 47%.
6. Worth of consumer tire imports from China in 2013: $ 2.3 billion.
7. Worth of consumer tire imports from other countries in 2013: $ 8.2 billion.
8. Leading sources of consumer tires, in terms of value, in 2013: China, Canada, Korea and Japan.

And here are the facts as the United Steelworkers International union sees them. The USW filed the initial petitions seeking relief from “unfairly traded Chinese tires.”
“The ITC’s preliminary determination is a vital step on the path to restoring fair trade in passenger vehicle and light truck tires,” says USW International President Leo Gerard.

USW International Secretary-Treasurer Stan Johnson says that “while relief was in place, billions of dollars in investments were made by firms producing tires in the United States in new plant and equipment. But China’s targeting of our industry has injured our members. They work hard and play by the rules and all they want is a fair chance to compete. They deserve to have our nation’s trade laws aggressively and faithfully enforced.”
made_in_usa_1
“We’re waging a fight against unfair trade based on rules that are more than a quarter century old, while our competitors target industry after industry. Things must change. Workers, and America, can’t afford much more of this.”

Your Next Tire has all your tire needs weather you need tires for your minivan, backhoe, dump truck, lawn mower, atv, semi truck or Lincoln Navigator.
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

Source MTD


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Updated 2014 Farm Show Schedule

Here is our Updated Farm & Trade Show Schedule for 2014. If you are needing tires or equipment give us a call at 1-888-513-8473 and we can save you shipping cost by bringing items to the show for you to pickup. We might be adding dates later in the season so check our website http://www.yournexttire.com for Farm Show Schedule updates during the year.
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2014

January

7 – 9 – Topeka Farm Show (Topeka, KS)

7 – 9 – Dakota Farm Show (Vermillion, SD)

15-16 – Northeast Nebraska Farm Show (Norfolk, Ne)

24-25 – KQ2 Ag Rural Lifestyle Show (St. Joe, MO)

28-29 – Nebraska Farm & Life Expo (Columbus, Ne)

28-30 – Iowa Power Farm Show (Des Moines, IA)

February

7 – 8 – KNEB Farm Show (Mitchell, NE)

7 – 9 – Nebraska Builders Home & Garden Show (Lincoln, Ne)

12-15 – National Farm Machinery Show (Louisville, KY)

21-23 – Western Farm Show (Kansas City, MO)

March

2 – Rocky Manginelli Memorial Swap Meet (Lincoln, Ne)

4 – 6 – Hawkeye Farm Show (Cedar Falls, IA)

12-13 – Triumph of Ag (Omaha, NE)

14-16 – Husker Lawn & Leisure Show (Lincoln, NE)

25-27 – Mid America Farm Expo (Salina, KS)

April

3 -5 – Southern Plains Farm Show (Oklahoma City, OK)

9-11 – Great Bend Farm & Ranch Show (Great Bend, KS)

June

25-26 – Oahe Farm Ranch Show (Pierre, SD)

July

10-12 – 3i Show (Dodge City, KS)

18-20 – Four State Farm Show (Pittsburg, KS)

August

5 – 7 – Farmfest (Redwood Falls, MN)

19-21 – Dakotafest (Mitchel, SD)

September

9 -11 – Big Iron Farm Show (West Fargo, ND)

9 -11 – Husker Harvest Days (Grand Island, NE)

November

11-13 – Wichita Farm & Ranch (Park City, KS)

December

5 – 7 – Peoria Farm Show (Peoria, IL)

9 -11 – Nebraska Power Farming Show (Lincoln, NE)


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