Tire Tariff that Drew Schwab's Ire is Upheld by WTO | Bent
The Source Weekly’s reporting is made possible by the power of your support. Be a part of it!
Search
Settings

Monday, September 5, 2011

Tire Tariff that Drew Schwab's Ire is Upheld by WTO

Posted By on Mon, Sep 5, 2011 at 11:32 PM

A steep tariff on imported tires from China that was opposed by local tire retailing giant Les Schwab has survived a challenge at the World Trado Organization. The WTO announced on Monday that it would uphold the tax on imported Chinese tires that President Obama implemented over Beijing’s objections in 2009. The tariff increased tire taxes by  35 percent in the first year and has raised them again in each subsequent year.

According to labor groups, the higher tariffs have stemmed the tide of cheap Chinese tires into the United States allowing domestic manufacturers to regain a larger share fo the market and add jobs. In fact, US imports of Chinese Tires fell by almost 24 percent last year.

However, that means higher costs for tire retailers like Les Schwab which imports a significant amount of its inventory from China. The company has declined in the past to say how much of its stock originates in China. However, it said that the higher tariffs would result in higher costs for its customers. The tire manufacturer won the support of Oregon’s congressional delegation, including Senators Merkley and Wyden who lobbied against the tire tax.


Pin It
Favorite

Comments (12)

Showing 1-12 of 12

Add a comment

 
Subscribe to this thread:
Showing 1-12 of 12

Add a comment

Newsletter Signup

Get Central Oregon daily news
directly in your inbox

More by The Source Staff

  • The Hurting

    The Hurting

    First came COVID. Then, a mental health crisis. Are we ready for what comes next?
    • Jan 6, 2021
  • Shop Local 2020

    Shop Local 2020

    Buying local means support the local economy. In 2020, it's more important than ever
    • Nov 25, 2020
  • Central Oregon Give Guide 2020  ▶ [With Video]

    Central Oregon Give Guide 2020 ▶ [With Video]

    Our annual giving program offers you 75 incredible ways to help Central Oregon
    • Nov 12, 2020
  • More »

Latest in Bent

© 2021 LAY IT OUT INC | 704 NW GEORGIA AVE, BEND, OREGON 97703  |   Privacy Policy

Website powered by Foundation