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.

Read the source article at reuters.com

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.

Read the source article at Tire Business

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

California enacts used tire law backed by USTMA

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SACRAMENTO — California Gov. Gavin Newsom has signed into law a bill that forbids the installation of unsafe used tires on vehicles in the state.

Read the source article at Tire Business

Manufacturers Cut Spending as Trade War Dents Confidence

U.S. manufacturers are investing less in their factories and workforces as the trade dispute with China makes it more difficult for executives to anticipate costs and demand.

The shifting contours of the tariffs that the U.S. and China have applied to each other’s goods are prompting some companies to put business plans on hold. Others are cutting back investments as trade volumes and economic growth slow around the world.

Read the source article at Stock Market Quotes and News

Carmakers alarmed over latest round of Chinese tariffs

Washington — Alarm bells are ringing at carmakers after the latest round of retaliatory tariffs that will hit cars exported to China from the United States. China said Friday it will impose tariffs on $75 billion worth of U.S. goods, including cars, in response to President Donald Trump’s plans to levy tariffs on $300 billion worth of Chinese goods before the end of the year.

Read the source article at The Detroit News