CEOs and senior leaders of U.S. tire manufacturing companies, members of the U.S. Tire Manufacturers Association (USTMA), sent a letter to the President urging him to rethink the proposed 25 percent tariffs on imported steel, citing significant, negative impacts to U.S. manufacturers with cascading detriments to U.S. commerce and the U.S. economy.
“Our mobile society depends on tires, and our tires depend on specialized steel. Domestic steel producers simply do not have the ability to produce the type of steel wire rod needed to support the $27 billion U.S. tire manufacturing industry, which is why virtually all of such steel wire rod is sourced from foreign suppliers,” said Anne Forristall Luke, USTMA President and CEO. “To levy a 25 percent tariff on steel imports would cause incredible harm to the growing U.S. tire manufacturing industry and the jobs of hundreds of thousands of hard working Americans who work every day to keep the American economy and military on the road.”
Should the Administration move forward with such trade restrictions, USTMA urgently requests the tire industry be exempt from any such tariffs on steel imports.
The full letter is available here.