California recycles waste tires into new roadsEnlarge Photo
The U.S. International Trade Commission (ITC) data suggests, nevertheless, that the tariff move is a positive for the economy. According to the ITC, the estimated cost to consumers will be less than $550 million, yet the benefit to the U.S. economy will total more than $1.4 billion—combining the benefits to suppliers and communities, direct benefits to tire producers, and tariff revenues. Altogether, the benefits of this move exceeded the costs by more than $884 million, according to the analysis.
“This is an important day for all American workers—especially the thousands of tire industry workers whose jobs were on the line as a result of a huge surge in Chinese tire imports that began in 2004,” said United Steelworkers president Leo Gerard, who said in a release that the decision “means China and other countries can no longer assume they can engage in predatory trade practices with impunity.”
The domestic tire industry includes ten different tire producers and 27 plants in 15 states, affecting Alabama, Arkansas, Georgia, Illinois, Indiana, Kansas, Mississippi, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, and Virginia.
With regard to the Obama administration decision: what’s done is done, and the tirade has passed. But if you want to support the local or national economy, you should consider getting some American rubber.