R&P News (subscription required) is reporting that Chinese passenger tire imports into the U.S. fell by more than 50 percent in October from September following the Sept. 26 imposition of higher duties, according to recently released trade data. The U.S. raised duties on Chinese consumer tires to 39 percent from 4 percent Sept. 26 in response to a trade action brought earlier in the year by the United Steelworkers union. The additional duties fall to 30 and 25 percent in the second and third years of the period under scrutiny.
For comparison purposes, I have provided the year-to-date figures from the US ITC below.
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Chinese Tire Imports into the United States by Month, 2009
Codes: 40111010 and 40112010
Passenger Tires000 unitsJanFebMarAprilMayJuneTotal654661827808800581598776% China41.8%34.1%40.5%44.1%43.4%37.9%China273521073160352735403323Truck Tires000 unitsTotal169415191879176318411853% China38.8%22.6%30.1%32.2%36.2%37.3%China657344566568666692
Passenger Tires000 unitsJulyAugSeptOctTotal9544964996717181% China43.0%46.6%45.1%22.1%China4108449643641588Truck Tires000 unitsTotal1771219122782121% China41.8%38.3%34.1%19.7%China740840776417
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