Its war with China, over tires !
#1
09-12-2009, 04:12 AM
Its war with China, over tires !
Sept 11, 2009
President Barack Obama has imposed new punitive tariffs on all car and light truck tires coming into the U.S. from China, a move Beijing condemned Saturday as protectionism and a violation of the guidelines of global trade.
"China strongly opposes this serious act of trade protectionism by the U.S.," a statement posted on China's Ministry of Commerce Web site said. "This act not only violates the rules of the World Trade Organization but also violates the relevant commitments made by the U.S. government at the G-20 financial summit." "Obama's move will harm U.S.-China economic and trade relations", the statement said.
Obama had until Sept. 17 to accept, reject or modify a U.S. International Trade Commission ruling that a rising tide of Chinese tires into the U.S. hurts American producers. The United Steelworkers blames the increase of Chinese imports for the loss of thousands of American jobs.
The federal trade panel recommended a 55 percent tariff in the first year, 45 percent in the second year and 35 percent in the third year. Obama settled on slightly lower penalties — an extra 35 percent in the first year, 30 percent in the second, and 25 percent in the third, White House press secretary Robert Gibbs said.
.
President Barack Obama has imposed new punitive tariffs on all car and light truck tires coming into the U.S. from China, a move Beijing condemned Saturday as protectionism and a violation of the guidelines of global trade.
"China strongly opposes this serious act of trade protectionism by the U.S.," a statement posted on China's Ministry of Commerce Web site said. "This act not only violates the rules of the World Trade Organization but also violates the relevant commitments made by the U.S. government at the G-20 financial summit." "Obama's move will harm U.S.-China economic and trade relations", the statement said.
Obama had until Sept. 17 to accept, reject or modify a U.S. International Trade Commission ruling that a rising tide of Chinese tires into the U.S. hurts American producers. The United Steelworkers blames the increase of Chinese imports for the loss of thousands of American jobs.
The federal trade panel recommended a 55 percent tariff in the first year, 45 percent in the second year and 35 percent in the third year. Obama settled on slightly lower penalties — an extra 35 percent in the first year, 30 percent in the second, and 25 percent in the third, White House press secretary Robert Gibbs said.
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Last edited by stomper; 09-12-2009 at 10:35 AM.
#2
09-12-2009, 11:01 AM
Sept 11, 2009
President Barack Obama has imposed new punitive tariffs on all car and light truck tires coming into the U.S. from China, a move Beijing condemned Saturday as protectionism and a violation of the guidelines of global trade.
"China strongly opposes this serious act of trade protectionism by the U.S.," a statement posted on China's Ministry of Commerce Web site said. "This act not only violates the rules of the World Trade Organization but also violates the relevant commitments made by the U.S. government at the G-20 financial summit." "Obama's move will harm U.S.-China economic and trade relations", the statement said.
Obama had until Sept. 17 to accept, reject or modify a U.S. International Trade Commission ruling that a rising tide of Chinese tires into the U.S. hurts American producers. The United Steelworkers blames the increase of Chinese imports for the loss of thousands of American jobs.
The federal trade panel recommended a 55 percent tariff in the first year, 45 percent in the second year and 35 percent in the third year. Obama settled on slightly lower penalties — an extra 35 percent in the first year, 30 percent in the second, and 25 percent in the third, White House press secretary Robert Gibbs said.
.
President Barack Obama has imposed new punitive tariffs on all car and light truck tires coming into the U.S. from China, a move Beijing condemned Saturday as protectionism and a violation of the guidelines of global trade.
"China strongly opposes this serious act of trade protectionism by the U.S.," a statement posted on China's Ministry of Commerce Web site said. "This act not only violates the rules of the World Trade Organization but also violates the relevant commitments made by the U.S. government at the G-20 financial summit." "Obama's move will harm U.S.-China economic and trade relations", the statement said.
Obama had until Sept. 17 to accept, reject or modify a U.S. International Trade Commission ruling that a rising tide of Chinese tires into the U.S. hurts American producers. The United Steelworkers blames the increase of Chinese imports for the loss of thousands of American jobs.
The federal trade panel recommended a 55 percent tariff in the first year, 45 percent in the second year and 35 percent in the third year. Obama settled on slightly lower penalties — an extra 35 percent in the first year, 30 percent in the second, and 25 percent in the third, White House press secretary Robert Gibbs said.
.
#3
09-12-2009, 12:22 PM
honestly, I am not sure what all that means .. not all is what is seems to be ...
Goodyear:
Today it is the third largest tire company in the world after Bridgestone and Michelin.
The Goodyear North American Tire Manufacturing Facilities owns or leases with the right to purchase and operates 23 manufacturing facilities in the United States and Canada.
* 10 tire plants (8 in the United States and 2 in Canada),
* 1 steel tire wire cord plant,
* 4 chemical plants,
* 1 tire mold plant,
* 3 tire retread plants,
* 2 aviation retread plants, and
* 2 mix plants (1 in the United States and 1 in Canada).
* at least one known hose plant (located in the United States), automotive & garden hoses.
Goodyear European Union Tire Manufacturing owns and operates 15 manufacturing facilities in 5 countries, including:
* 14 tire plants,
* 1 steel tire wire cord plant,
* 1 tire mold and tire manufacturing machines facility,
* 1 aviation retread plant, and
* 1 mix plant.
http://en.wikipedia.org/wiki/Goodyea...Rubber_Company
====================
Michelin is currently ranked first in the global tyre market, with Bridgestone second, Goodyear third, and Continental and Pirelli fourth and fifth, respectively. Michelin also owns the B.F. Goodrich and Uniroyal.
http://en.wikipedia.org/wiki/Michelin
.
Goodyear:
Today it is the third largest tire company in the world after Bridgestone and Michelin.
The Goodyear North American Tire Manufacturing Facilities owns or leases with the right to purchase and operates 23 manufacturing facilities in the United States and Canada.
* 10 tire plants (8 in the United States and 2 in Canada),
* 1 steel tire wire cord plant,
* 4 chemical plants,
* 1 tire mold plant,
* 3 tire retread plants,
* 2 aviation retread plants, and
* 2 mix plants (1 in the United States and 1 in Canada).
* at least one known hose plant (located in the United States), automotive & garden hoses.
Goodyear European Union Tire Manufacturing owns and operates 15 manufacturing facilities in 5 countries, including:
* 14 tire plants,
* 1 steel tire wire cord plant,
* 1 tire mold and tire manufacturing machines facility,
* 1 aviation retread plant, and
* 1 mix plant.
http://en.wikipedia.org/wiki/Goodyea...Rubber_Company
====================
Michelin is currently ranked first in the global tyre market, with Bridgestone second, Goodyear third, and Continental and Pirelli fourth and fifth, respectively. Michelin also owns the B.F. Goodrich and Uniroyal.
http://en.wikipedia.org/wiki/Michelin
.
Last edited by stomper; 09-12-2009 at 12:25 PM.
#4
09-12-2009, 01:24 PM
Sumitomo Rubber & Tire
Japan .. not affected by the decision
==================
in the early 1900's, the Sumitomo Group made an investment in Dunlop Japan, the Japanese subsidiary of the British company Dunlop Rubber. Over the years Sumitomo and Dunlop developed a close business relationship, and in 1963 the Sumitomo Group acquired control of Dunlop Japan and renamed it Sumitomo Rubber Industries Ltd.
In 1985, when Dunlop Rubber was taken over by BTR plc, the company acquired the automobile tire assets of Dunlop, including the right to use the Dunlop brand on automobile tires. The acquisition did not include the US and Australian businesses, which were separately owned, but in 1986 Sumitomo also acquired the Dunlop Tire Corporation of the US from its management.
In 1997, Sumitomo formed a joint venture with Goodyear Tire and Rubber Company, by which Goodyear and Sumitomo agreed to manufacture tires for each other's markets, including Dunlop branded tires. As part of the agreement, Goodyear acquired 75% interests in Dunlop Tyres, the UK company which Sumitomo had formed, and in Dunlop Tire Corporation. Goodyear and Sumitomo also made investments in each other
http://en.wikipedia.org/wiki/Sumitomo_Rubber_Industries
.
==================
in the early 1900's, the Sumitomo Group made an investment in Dunlop Japan, the Japanese subsidiary of the British company Dunlop Rubber. Over the years Sumitomo and Dunlop developed a close business relationship, and in 1963 the Sumitomo Group acquired control of Dunlop Japan and renamed it Sumitomo Rubber Industries Ltd.
In 1985, when Dunlop Rubber was taken over by BTR plc, the company acquired the automobile tire assets of Dunlop, including the right to use the Dunlop brand on automobile tires. The acquisition did not include the US and Australian businesses, which were separately owned, but in 1986 Sumitomo also acquired the Dunlop Tire Corporation of the US from its management.
In 1997, Sumitomo formed a joint venture with Goodyear Tire and Rubber Company, by which Goodyear and Sumitomo agreed to manufacture tires for each other's markets, including Dunlop branded tires. As part of the agreement, Goodyear acquired 75% interests in Dunlop Tyres, the UK company which Sumitomo had formed, and in Dunlop Tire Corporation. Goodyear and Sumitomo also made investments in each other
http://en.wikipedia.org/wiki/Sumitomo_Rubber_Industries
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Last edited by stomper; 09-12-2009 at 01:27 PM.
#5
09-12-2009, 01:26 PM
Nankang Rubber Tire Corporation
Nankang, in China, probably the most affected company?
======================
Nankang Rubber Tire Corporation Ltd is the longest established tire manufacturer in Taiwan, having started operations in 1940. Based originally upon the principals of Japanese manufacturing technologies, Nankang Rubber Tire Corp has grown substantially in its pursuit for product excellence. Its 2 Taiwanese plants (Nankang & Hsinfung) continue to manufacture the bulk of Nankang's product. September 2003 marked the commencement of production at Nankang's Jiangsu facility in mainland China.
======================
Nankang Rubber Tire Corporation Ltd is the longest established tire manufacturer in Taiwan, having started operations in 1940. Based originally upon the principals of Japanese manufacturing technologies, Nankang Rubber Tire Corp has grown substantially in its pursuit for product excellence. Its 2 Taiwanese plants (Nankang & Hsinfung) continue to manufacture the bulk of Nankang's product. September 2003 marked the commencement of production at Nankang's Jiangsu facility in mainland China.
Last edited by stomper; 09-12-2009 at 01:28 PM.
#6
09-14-2009, 12:52 AM
Holly hell thats pretty interesting to know about Sumitomo. I was under the impression they were a new tire. ive never hear of them till lately. I wonder why the sell cheaper tires if they have a good relation with these bigger tire companies. Any ways thats something new i learned to day.
#8
09-22-2009, 11:35 AM
A Chinese company called Wanli makes Sunny Tires. http://www.alibaba.com/product-free/...de_Tires_.html
Currently they are in short supply because of the new 35% additional Chinese tire tarriff making the tarriff a total of 39% increase in price. This may make it unworthy to import some of these tires... http://www.marketwatch.com/story/oba...res-2009-09-11
Currently they are in short supply because of the new 35% additional Chinese tire tarriff making the tarriff a total of 39% increase in price. This may make it unworthy to import some of these tires... http://www.marketwatch.com/story/oba...res-2009-09-11
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