You are here: / / / US tyre cord makers could close due to steel tariffs

US tyre cord makers could close due to steel tariffs

Author: Chris Anthony Comments: 0
Tyre cord production in the US relies on imports of steel rods in order to make steel tyre cord (pictured). Without these imports US factories could be priced out of the market by other international suppliers

In mid-June US president Donald Trump announced plans to impose 25 per cent tariffs on US$50 billion worth of Chinese goods. However, the above round of tariffs was actually an additional wave that followed as part of the Trump administration’s ongoing trade war with China. Steel is at the centre of this dispute, with President Trump suggesting that China is dumping steel in America. But now US tyre cord makers could close due to steel tariffs.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. Bekaert closing Figline-Valdarno factory
  2. Arlanxeo to close its Orange, Texas Keltan production unit
  3. Bridgestone, NRgene collaborate to sequence and assemble guayule genomes
  4. US puts 10% import tariffs on all Chinese tyres
Comments
Comments closed
Share this entry
Bekaert closing Figline-Valdarno factory Bridgestone publishes 2017-18 Sustainability Report

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.