Titan Welcomes Ruling on Chinese OTR Tyres
For Titan International, the US Department of Commerce’s decision to impose duties on new OTR tyres from China deemed to be benefiting from government subsidies comes as welcome news. “Today’s (December 13) determination sends a signal to producers in China that they have to start playing by the rules of game just like everyone else,” said Titan chairman and CEO Maurice M. Taylor. “Tyre producers in China benefit from government subsidies that give them an illegitimate advantage in our market, and it is the US industry and American workers who have suffered as a result. Hopefully today’s decision will start to counteract the damage being done by China’s unfair subsidies.