Tire Tariffs trigger Price Competition
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The world’s tire industry is waking up to fierce price competition, driven by tire makers in China selling below cost. This dire situation has been triggered by trade barriers erected in 2015 by the United States Department of Commerce against passenger car tires made in China. Ironically, these were implemented to reduce the import to the US of low-cost tires. Although the number of imports has dropped by around half, car tire prices in the Unites States continue to fall.
Imports of...
