Goldman sees slightly easier China monetary policy amid trade tiff with U.S

curata__QfFOWyXXzPG7DL3.jpeg

SHANGHAI (Reuters) – Goldman Sachs (NYSE:) said it expected China to adopt a slightly easier monetary stance in the face of tit-for-tat tariffs between Beijing and Washington that, while likely to have limited immediate impact on the economy, were at risk of escalating.

 

Read the source article at Global Rubber Markets News

Trump Auto Tariffs Would Slam Canada as Trade Rhetoric Heats Up – Bloomberg

curata__1oZz7yVk8i85h3t.jpeg

Donald Trump’s heightened attacks on Canadian Prime Minister Justin Trudeau are raising concerns that he might follow through on threats to impose auto tariffs, a move that would devastate the car industry in Canada and lead to higher U.S. prices. The Trump administration’s pledge to consider tariffs on all imported vehicles took on more urgency last weekend after Trump and his advisers accused Trudeau of “bad faith diplomacy” for his trade comments following a meeting of Group of Seven leaders in Quebec. “I have instructed our U.S. Reps not to endorse the Communique as we look …

Read the source article at Bloomberg.com

TIA to discuss key issues of tire industry in Washington D.C. on June 20

curata__tOnSzakXQPd6dQt.jpeg

The Tire Industry Association (TIA) will meet with representatives in Washington DC on Wednesday, June 20th to discuss several issues currently impacting the tire and automotive industry.

The day will begin with TIA and fellow supporters visiting the US Department of Transportation (DOT) headquarters at 10:00am to discuss infrastructure and de-regulation.

Read the source article at Traction News

Executive Interview: Michelin North America’s Joanie Martin, Chief Administrative Officer

curata__tlHHQ9mB8eac0HH.png

Tire Review Editor Patti Renner Hoying sat down with Joanie Martin of Michelin North America at the 2018 Movin’ On conference in Montreal to talk about the company’s goals, structural and distribution changes and her new role within the organization. Earlier this year, …

Read the source article at Tire Review

U.S. sets public hearings on auto import tariff probe

curata__E3jwIIWwh07EJBn.jpeg

WASHINGTON — Less than a week after the Trump administration threatened to impose tariffs of up to 25 percent on foreign-built automobiles, the U.S. government on Tuesday said it would hold public hearings on whether the import of vehicles and auto parts represents national security risks. The Commerce Department announced in the Federal Register that it would hold two days of public comments in July on its probe of auto imports.

Read the source article at Front Page

Let Your Voice Be Heard at TIA Federal Lobby Day

curata__6JUi868SBTr7DBL.jpeg

The Tire Industry Association is gearing up for its 2018 TIA Federal Lobby Day, which takes place June 20 on Capitol Hill in Washington, D.C.

With so many issues facing tire dealers, small business owners and the industry as a whole, your voice in Washington has never been so important. As editor of Tire Review, I repeatedly hear about how business owners – and their participation in conversations with legislators on industry issues – can make an impact on the direction of national policy and future decisions by lawmakers.

Read the source article at Tire Review

USTMA Pushes for Support of Ohio Unsafe Used Tire Bill

It’s no secret that unsafe used tires put consumers in danger and many tire dealers’ reputations at risk.

And to promote that message during National Tire Safety Week, The U.S. Tire Manufacturers Association joined Ohio state legislators Tuesday morning to support a bill that would prevent the installation of unsafe used tires on Ohio vehicles.

Read the source article at Tire Review

NAFTA math may not add up to more U.S. auto jobs | Reuters

curata__RfbNBlQJTpehTaH.jpeg

DETROIT (Reuters) – Trump administration demands in NAFTA trade negotiations meant to push auto jobs back to the United States may not be enough to spark a shift in where automakers build cars and trucks. New math to determine what qualifies as vehicle content, what limits apply to allow tariff-free auto imports and how long companies would have to comply under a new NAFTA agreement will likely not move the needle for Detroit automakers in particular, industry executives and supply chain experts said. Automakers are unlikely to uproot billions of dollars of investments in plants and supply chains. And those that …

Read the source article at reuters.com

NAFTA demands might not be enough to create U.S. automaker jobs – Autoblog

curata__LIwvuhzX9omeGQk.jpeg

DETROIT — Trump administration demands in NAFTA trade negotiations meant to push auto jobs back to the United States may not be enough to spark a shift in where automakers build cars and trucks. New math to determine what qualifies as vehicle content, what limits apply to allow tariff-free auto imports and how long companies would have to comply under a new NAFTA agreement will likely not move the needle for Detroit automakers in particular, industry executives and supply chain experts said.

Read the source article at Autoblog

NHTSA Issues Kumho Recall Over Potential Tread Separation

The National Highway Transportation Safety Administration (NHTSA) has issued a recall affecting about 1,700 Kumho Solus tires manufactured in March and early April. The 1,773 affected Solus KH16 tires in size p225/65R17 were manufactured between March 26 and April 1. According to the NHTSA, the affected tires may experience tread separation in severe conditions. Under the recall, Kumho is required to notify owners of the defect and tire dealers will replace the tires, free of charge.

Read the source article at Tire Review