Mighty Earth pushes GPSNR to address shortcomings

WASHINGTON—The Global Platform for Sustainable Natural Rubber needs to address a series of shortcomings if it is to start delivering a truly sustainable value-chain for natural rubber, according to Mighty Earth.

The platform, which includes rubber producers, processors, tire makers, and automotive OEs and NGOs, will be a full year in existence in March, noted the environmental lobby group and GPSNR founding member. However, while there has been some good work and increased cooperation among stakeholders, “much more remains to be done,” according to a Jan. 16 statement from the Washington-based group.

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2019 Year in Review: USMCA passage highlights partisan year in D.C.

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WASHINGTON — Tariffs and trade were the big government-related news out of Washington in 2019, a year in which partisan gridlock combined with the pending impeachment trial of President Donald Trump to prevent much legislation from passing Congress.

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Automakers to pay $3 billion in new U.S. tariffs under USMCA: budget estimate

WASHINGTON (Reuters) – U.S. President Donald Trump’s rewrite of North American trade rules will cost automakers nearly $3 billion more in tariffs over the next decade for cars and parts that will not meet higher regional content requirements over the next decade, the Congressional Budget Office (CBO) estimates.

 

Read the source article at Global Rubber Markets News

China drafts rules to encourage tire recycling – Reuters

SHANGHAI (Reuters) – China will establish new specialist firms to re-use and recycle its spent rubber tires as it tries to tackle a mounting waste problem, the industry ministry said in new draft guidelines. The rules, part of China’s efforts to cut pollution and ensure its resources are “comprehensively utilized”, were published by the industry ministry on Wednesday and have been opened to the public for consultation.

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U.S., Canadian officials converge on Mexico City to seal final changes to trade deal – Reuters

WASHINGTON (Reuters) – Senior U.S. and Canadian officials were set to fly to Mexico City on Tuesday to work on the final changes to a languishing North American trade pact that could clear the way for a vote in the U.S. Congress before the end of the year. U.S. House Speaker Nancy Pelosi said on Monday night she expected the final language of the U.S.-Mexico Canada Agreement (USMCA) to be set by Tuesday, which would bring Democrats to a “moment of truth” on whether to proceed to passage.

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ETRMA backs revised EU tire labeling text

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BRUSSELS — The European Tyre & Rubber Manufacturers’ Association has welcomed a text agreed to by European regulators for a revision of EU tire-labeling regulations.

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European industries unite to call for an ambitious EU industrial strategy

Industry4Europe, a coalition of 149 sector Associations representing the diversity of the EU’s industrial base, has published a new Joint Paper: ‘A long-term strategy for Europe’s industrial future: from words to action’

Through cross-sectoral recommendations, the Industry4Europe coalition is hoping to contribute to the future EU industrial strategy that was announced by European Commission President-Elect, Ursula von der Leyen.

 

Read the source article at eppm.com

Why Financial Markets’ New Exuberance Is Irrational

Owing to a recent easing of both Sino-American tensions and monetary policies, many investors seem to be betting on another era of expansion for the global economy. But they would do well to remember that the fundamental risks to growth remain, and are actually getting worse.

 

 

Read the source article at project-syndicate.org

Commerce finds no dumping from two Chinese OTR tire makers

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WASHINGTON — Two Chinese producers of off-the-road tires did not sell their products at less than fair value in the U.S. between Sept. 1, 2017, and Aug. 31, 2018, the U.S. Department of Commerce ruled.

Read the source article at Tire Business

Ontario government launches $10M automotive sector modernization program

Ontario Economic Development Minister Vic Fedeli used Monday’s annual meeting of the Canadian Association of Moldmakers in Windsor to announce the launch of a $10 million program aimed at modernizing the province’s automotive industry. Dubbed the Ontario Automotive Modernization Program (O-AMP), funding will be distributed over three years across the entire province’s …

Read the source article at World News by Country