Buried on page four of the Wall Street Journal today is an article stating the U.S. won a decision from the World Trade Organization on tires made in China. In summation, the U.S. now has the ability to add up to 30% in tariffs on tires imported from China. As a side note, Goodyear was one of the largest companies opposing this decision.
So, what will the ramifications be? Well, it could just mean that tires made in China will cost more. What should happen is the ruling would cause tire manufacturers to bring back tire manufacturing to the US. Too bad it won't. More likely is we will start seeing tires made in Vietnam, Thailand, or other third world Asian countries.
