The Article wrote:In 2006 and 2007, four tire manufacturing plants in the United States were shuttered, in favor of plants with cheaper labor in China. Those plants represented capacity of some 71 million tires per year, more than enough to meet current and future production demands. Rising labor costs caused manufacturers to look East, and China seemed like the land of opportunity. It may have been, except for a three year tariff imposed on Chinese tires by the Obama administration. In 2010, the tariff was 35 percent of a tire’s value; in 2011, this fell to 20 percent and by next year it will fall to 25 percent before being eliminated entirely. The move may have saved U.S. manufacturing jobs (at least temporarily), but it created a product shortage that no one saw coming.
I'm having trouble with this paragraph. The ITC tariff database shows no such duty imposition for China and a base tariff of 4% or 10% for any importation of vehicle radial tires unless excepted (and China's not on the exception list). Maybe I'm looking in the wrong place.
http://hts.usitc.gov/Table%2040.xml
Plus, the author seems to think that 25% is a reduction from 20%. Maybe a typo?