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Truck and automobile components and parts manufacturers came out strongly against President Trump’s latest threat to impose a 5% tariff on Mexican imports, saying that it would only serve as an additional tax on the American people and put jobs and investment in the U.S. at risk.
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It didn't take long for tariffs to be implemented after the International Trade Commission reversed its stance on imported tires from China. As of Feb. 15, new tires from China are being subjected to tariffs.
Read More →The International Trade Commission has reversed an earlier decision and ruled the U.S. tire market is being harmed by the import of truck and bus tires from China.
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Imported steel costs more, whether used in dump trucks or Senior Contributing Editor Tom Berg's new garage lift.
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Despite an overall positive truck sales forecast for 2019, tariffs and trade wars could be stumbling blocks that trip up the economy and send freight and truck sales downward, said two longtime industry analysts.
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Daimler AG reported a decline in profitiability and revenue in the second quarter and also announced a corportate restructuring which will split off Mercedes-Benz AG, Daimler Truck AG, and Daimler Mobility AG.
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Trucking largely supported Donald Trump for president because of his promises to reduce regulation (which he’s been working on) and put in place pro-business policies (such as the tax cut.) But his trade war has a great many businesses concerned, if not up in arms – and it could even affect the economy.
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A team of Retread Instead supporters participated in this year’s Tire Industry Association-sponsored Federal Lobby day educating legislators on the economic benefits of tire retreads compared to cheap foreign options.
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Retread Instead is taking its message of the economic benefits of retreading over buying cheap Chinese tires to Washington DC at the Tire Industry Association sponsored lobby day on June 20.
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Frank Maly of ACT Research figures the average trailer's price might go up by about $900. Some would be more. Meanwhile, how big a materials villain is China? Blog commentary by Senior Contributing Editor Tom Berg.
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