Giti raises US prices
Giti Tire (USA) has raised its US prices by 9.5 per cent in response to the countervailing duties introduced by the country’s government. The increases affect all passenger and light truck tyres (excluding ST tyres) produced by Giti in China, and are effective from 1 January 2015. US industry journal Tire Review revealed the anticipated price hike had been implemented as a result of the 11.74 per cent adjusted countervailing duties imposed by the US Department of Commerce on Giti Tire Fujian Co Ltd. Giti said it was still “committed” to the US market.