The U.S. Tire Manufacturers Association (USTMA) has appointed Sean Moore as director of government affairs.
In this role, Moore will guide strategy for USTMA’s federal government affairs program and lead the association’s state advocacy efforts working with member companies and allied organizations.
Read the source article at Tire Review
LONDON — Last year was another polarizing year for China’s tire sector.
The country’s tire production in 2017 increased by 5.4 percent from 2016 to 926 million units, a third of the global total. Tire makers’ production had a 7.1 percent rise to 653 million units, data from China’s ministry of industry and IT also shows.
Radial tire production climbed 8.5 percent to 613 million units — including 131 million truck and bus tires, up 8.2 percent year-on-year, and 482 million passenger car tires, up 8.5 percent year on year—while bias tire production dropped 11.1 percent to 40 million units.
Read the source article at Tire Business
FRANKFURT — Daimler blamed U.S.-China tariffs for a 30 percent drop in second-quarter profit and predicted a further decline as new emissions test standards in Europe hit sales. Earnings before interest and tax (EBIT) fell 30 percent to 2.64 billion euros ($3.1 billion) during the quarter, weakened by Chinese price-cutting on U.S.-made Mercedes models to offset import duties, the company said on Thursday. Revenue dipped 1 percent to 40.8 billion euros.
Read the source article at Front Page
Detroit’s automakers are profitable, but they face a turbulent second half of 2018. After second-quarter earnings reports Wednesday from all three domestic car companies, analysts and auto executives outlined mounting challenges in international markets, especially China, and the looming threat of President Donald Trump’s proposed 25 percent increase in tariffs on imported cars and parts, which could inflate prices across the board.
Read the source article at Detroit Free Press
WASHINGTON – It’s not just Sumitomo Rubber North America’s Town of Tonawanda plant that could suffer under President Trump’s tariffs. It’s the entire company – and the entire American economy. That’s what Richard Smallwood, Sumitomo Rubber North America’s president and CEO, had to say in an interview with The Buffalo News on Friday, a day after he criticized the proposed tariffs at a Commerce Department hearing. Trump is pondering tariffs of up to 25 percent on imported autos and auto parts.
Read the source article at The Buffalo News
TDA Canada announces plans to hold its 2018 National Convention and Trade Show at the Delta Marriott Airport Hotel and Conference Centre September 13th- 15th Mississauga Ontario.
The 2018 Trade Show is being hosted by Ontario Tire Dealers Association and to date has attracted over 60 industry exhibitors. This year’s theme is ‘Taking Care of Business,’ and will include a forum and open discussion on new scrap tires regulations.
Read the source article at Autosphere.ca
GENEVA — Major U.S. trading partners including the European Union, China and Japan voiced deep concern at the World Trade Organization about possible U.S. measures imposing additional duties on imported autos and parts. Japan, which along with Russia had initiated the discussion at the WTO Council on Trade in Goods, warned that such measures could trigger a spiral of counter-measures and result in the collapse of the rules-based multilateral trading system, an official who attended the meeting said. Over 40 WTO members, including the 28 countries of the EU warned on Tuesday that the U.S. action could seriously …
Read the source article at Front Page
President Trump is ready to escalate his trade war with China by imposing tariffs on almost all Chinese goods shipped to the United States. But his administration is still struggling to manage a pair of smaller trade actions announced more than three months ago, casting doubt on the president’s ability to wage a broader conflict.
Read the source article at The Washington Post
Canada’s auto industry could be on a slippery slope to extinction unless major changes in government policy and attitudes about investment are enacted to save it, experts say. The significant decline thus far is due in large part to increased competition from cheaper places to do business such as the southern United States and especially Mexico. Low-price labour and numerous free-trade agreements have driven automakers to build new plants in that country.
Read the source article at Automotive News Canada
BEIJING (Reuters) – Beijing has begun downplaying Made in China 2025, the state-backed industrial policy that has provoked alarm in the West and is core to Washington’s complaints about the country’s technological ambitions, diplomatic and Chinese state media sources said.
With a full-blown trade war looming amid U.S. President Donald Trump’s threats to impose tariffs on up to $450 billion in Chinese imports, his administration has fixed on Beijing’s signature effort to deploy state support to close a technology gap in 10 key sectors.
Beijing is increasingly mindful that its rollout of the ambitious plan has triggered U.S. backlash.
Read the source article at Global Rubber Markets News