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 …
NEWMARKET, Ontario, May 09, 2018 (GLOBE NEWSWIRE) — AirBoss of America Corp. (TSX:BOS) ($US except where otherwise noted) Highlights: Consolidated net sales increased by 15.2% to $80.5 million Net sales in the Engineered Products’ defense business more than doubled EBITDA increased by 7.2% to $7.5 million Quarterly dividend paid of C$0.07 per share Basic and diluted earnings per share of $0.14 per common share compared to $0.12 per common share in Q1 2017 Three months ended March 31 (In thousands of US dollars) 2018 2017 Net Sales 80,549 69,927 Gross …
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.
Washington – The US Department of Commerce has made minor downward revisions in countervailing duties on three companies exporting Chinese passenger and light truck tires to the US after finding errors in its earlier calculations.
The minor revisions affect countervailing duty rates for a period of review from 1 Dec, 2014, to 31 Dec, 2015. on three companies: GITI Tire Global Trading Pte. Ltd (and several allied firms), Cooper (Kunshan) Tire Co. Ltd, and Zhongce Rubber Group Co. Ltd.
Birmingham, UK – While details of tariffs to be imposed by the EU on truck & bus tires originating from China have yet to emerge, the impending move is already having an impact on the market.
At the Commercial Vehicle Show 2018 in Birmingham’s NEC, dealers reported significant increases on the prices of Chinese TBR tires, to allow for tariffs that are expected to be back-dated to 1 Feb.
ERJ interviews Philipp Struck Head of Tire Line Development EMEA OE about Tires & Technologies of the Future enabling Vision Zero. The expert will present a paper on autonomous tire plants at the Future Tire Conference 2018, taking place 30-31 May, during the new Tire Cologne international trade fair in Cologne, Germany. Click here for more information about the conference.
ERJ: Please identify one significant development in the tire industry in the last 2-3 years, and explain its importance.
BOAO/BEIJING, China (Reuters) – China stepped up its attacks on the Trump administration on Monday over billions of dollars worth of threatened tariffs, saying Washington is to blame for trade frictions and repeating it was impossible to negotiate under “current circumstances”.
The comments come after U.S. President Donald Trump on Sunday predicted China would take down its trade barriers, and expressed optimism that both sides could resolve the issue through talks.
Chinese state researchers and media talked down the likely impact of U.S. trade measures on the world’s second largest economy and described the Trump administration’s posturing on trade as the product of an “anxiety disorder”.
Despite all of the marketplace challenges, commercial tire dealers and retreaders are very optimistic about the future, as am I.
LONDON—Contintental’s Philipp Struck, who will present a paper at the Future Tire Conference in Cologne, Germany, discusses the future of tires and tire technologies.
WASHINGTON—At least 10 categories of tires, rubber, rubber products and rubber processing machinery are on the list issued by the Office of the U.S. Trade Representative of goods imported from China that are subject to a 25 percent tariff. The USTR issued the list on its website in response to the order President Trump signed […]