Rising Tire Prices on the Horizon
To CJ's Valued Customers:
On November 22nd, the Department of Commerce (DOC) and International Trade Commission (ITC) decided to impose new duties on passenger and light truck tires that are produced in China and exported into the United States. Effective immediately and retroactive for the last ninety days, all tires produced in China and imported into the US will be subject to the duty as follows:
- Consumer passenger and light truck tires manufactured by Cooper and imported from China = 12.5% duty
- Consumer passenger and light truck tires manufactured by GITI and imported from China = 17.69% duty
- Consumer passenger and light truck tires manufactured by Yongsheng and imported from China = 81.19% duty
- All other consumer passenger and light truck tires manufactured by others and imported from China = 15.69% duty
Note that trailer and race tires are exempt from the duty.
These duties were handed out because the DOC determined the Chinese government was subsidizing tires exported to the United States.
As a result, we expect wholesale and retail prices of all passenger and light truck tires imported from China for sale in the US will be affected almost immediately. CJ's is working diligently with its suppliers while striving to be competitive and provide viable options for your low cost and economy tire needs.
This is the first round. More duties are possible because the deadline for the DOC to rule on an "antidumping duty" on Chinese manufactured tires being imported into the United Sates - a separate issue - is not until January 20, 2015. As more information becomes available, we'll certainly do our best to keep you informed.
As always, our tem of retail associates in any of our fourteen locations will be happy to answer your questions and provide you with the best options when it comes to selecting the right tires for your vehicle.
Thanks for your continued patronage!
The CJ's Tire & Automotive Services Team