35% tax on tires

[S14_Kouki]

So I was reading around today and found this.
US says trade penalties on Chinese tires are fair - Yahoo! News (http://news.yahoo.com/s/ap/20090912/ap_on_go_pr_wh/us_us_china_trade)

Obama wants to rise tax 35% on tires being imported from China these are the companys that have factories in china Bridgestone, Cooper, Goodyear, Michelin and Pirelli. What is everyones opinion on this??

[Genovese.Jr]

thats some bull shit

[S14_Kouki]

I understand your pain even tho I get free tires lol

[SUPERSTAR]

I say raise it to 50%.

[SexPanda]

Eh, whatever. Its not like the tires I buy are super expensive anyhow. But I only see this putting stress on China-US relations. You know, you want Americans to keep their jobs and not have them outsourced? How about cut the rediculously high wages the unions demand? If a company wasn't paying a union employee 70 dollars an hour to push a button for 8 hours with a 2 hour lunch, then I'm sure that job would still be in America, instead of where ever.

[S14_Kouki]

I think obama wants to do with to help with his health care

[ThatGuy]

Hope and Change


Translation: HOPE that you still have some CHANGE left out of your paycheck.



As far as stressing China-US relations? Don't say that too loud, or else the conspiracy theorists will use it as ammo in their next YouTube video. This is Obama's way of pushing us into war like Bush did with the attacks in 2001. :duh:


In all honesty though, if you want to save money on tires, STOP DRIFTING! You're just wasting tires and chassis.

[S14_Kouki]

STOP DRIFTING! You're just wasting tires and chassis.

The only way you are wasting chassis is hitting shit and throwing them away ppl dont know that u can fix drift damage

[JEDIs13]

In all honesty though, if you want to save money on tires, STOP DRIFTING! You're just wasting tires and chassis.

couldn't have said it better myself. look on the bright side, Falkens wont be taxed lol

[Genovese.Jr]

I understand your pain even tho I get free tires lol

s.o.b lol.,,,,

[SexPanda]

As far as stressing China-US relations? Don't say that too loud, or else the conspiracy theorists will use it as ammo in their next YouTube video. This is Obama's way of pushing us into war like Bush did with the attacks in 2001. :duh:


Lol this is very true. Because, you know... China actually has the crashed UFO from Roswell in a factory in Beijihng, where they use it to put flouride in our water to give us all cancer, and implant tiny cameras and microphones into the cheap chinese products we buy so they can spy on us.

Its not a conspiracy... Its common knowledge.

Basically... :lfault:

[S14_Kouki]

Lol this is very true. Because, you know... China actually has the crashed UFO from Roswell in a factory in Beijihng, where they use it to put flouride in our water to give us all cancer, and implant tiny cameras and microphones into the cheap chinese products we buy so they can spy on us.

Its not a conspiracy... Its common knowledge.

Basically... :lfault:

I could see this happening

[BustedS13]

fuck china
do it do it

[ESmorz]

How many people here even uses those tires? Besides maybe Potenza's?

Don't buy them... done and done.

[S14_Kouki]

I get all kinds of tires what ever ppl want to give me, they get burnt off anyways

[fckillerbee]

This is a stupid topic and thread.

[xpertsnowcarver]

Lol.. The title mislead me. I thought this was a 35% tax on the tires. Not, a 35% tax increase. :p
Sucks for those who like Chinese tires..

[NINJASPY]

wow that is really bad for us. if they raise taxes on those tires, its probably going to raise taxes on all tires that come from china. this would push prices up on nexxens, wanlis, nankang, sunny , federals, champiro, etc etc!! not all the tires federal makes is made in china... but I would not doubt MOST of them are. Say good bye to sub 100dollar 17inch tires.... hopefully mexico has something for us.

[xpertsnowcarver]

F-ck it. I'm gonna start sporting Fisher Price tires on my car to save... wait... its made in china too!!?? No hope for the po' folk...

http://www.viewpoints.com/images/review/2009/30/22/1233376414-11326_full.jpg

[articdragon192]

In all honesty though, if you want to save money on tires, STOP DRIFTING! You're just wasting tires and chassis.

Hard parking a car is a waste of a chassis. And road racing and the such wastes tires as well, not only drifting. Crappy. I hope Federal, which are Taiwanese, don't get the same tax. The RS-R is an awesome grippy tire.

[Sergio180sx]

i use federals woohoo!

[NINJASPY]

go outside and check if your federals are made in china or taiwan.

[RentonD]

Under whose authority is the tariff being issued? >.>

[S14_Kouki]

This is a stupid topic and thread.

Really sharing info is stupid :rofl:

[ronmcdon]

So I was reading around today and found this.
US says trade penalties on Chinese tires are fair - Yahoo! News (http://news.yahoo.com/s/ap/20090912/ap_on_go_pr_wh/us_us_china_trade)

Obama wants to rise tax 35% on tires being imported from China these are the companys that have factories in china Bridgestone, Cooper, Goodyear, Michelin and Pirelli. What is everyones opinion on this??

The main thing that needs to be clarified is to whom the tariff is applied to.

Are the companies that are taxes:

A) the ones owned by companies located in China?
(Wanli, etc)

OR

B) this also entail companies that might be owned by a non-Chinese country that have manufacturing facilities in China?
(pretty much everyone, Falken, Dunlop, Bridgestone, Kumho, etc)

IF:
A) would end up pissing off China and nothing more (in the short run)

IF:
B) effects of A), plus
raising the costs of pretty much all respectable tire companies,
hurting the tire industry as a whole (US included),
raising the cost for all consumers.

What the tariff will fail to do either way is prevent outsourcing of jobs.
Manufacturing will just move from China to the next closest location.
I'd wager that's NOT going to be the US.
Heck, I don't even know why ppl bother with large scale manufacturing in the US.
Between taxes, legal liabilities, cost of insurance, cost of overhead (not even counting wages), etc, it's just not a realistic option.
There's a difference between running a business & a charity.

What the U.S. SHOULD tariff, are the countries that tariff us.
If Japan tariffs our cars by 20%, we return the favor likewise to a comparable commdity.
If Korea tariffs our rice 100%, we do likewise.
If China imposes a 50% tariff on our tires, then this would be the right move.
We pressure them into a situation where they have to buy more from us.

[ronmcdon]

Another question that begs to be asked,
is whether or not it's a good idea to piss China off.
Whether or not you like China is probably irrelevant.

Do you really want them to be your enemy when you have to deal with Iran, Pakistan, Afghan, N. Korea, & the Russians?
Economically, we could not do without China given how much US companies have invested in there.
Not only are they a huge resource for raw materials & manufacturing.
They will also be (if not already so), a huge market.
Like them or not, its not in our best interests to worsen relations with them.
If anything, they are our best ally.

Unlike our other 'good-for-nothing' allies in Europe, Asia, & the Middle East,
our relation with the country consists more than just hand-outs.

[S14_Kouki]

I do think that these manufacture companies will move to the next place closes. Im sure China will start doing something of there own to get money from us you know make things even, and I dont think it is a good idea to piss of China at all.

[FaLKoN240]

Hard parking a car is a waste of a chassis. And road racing and the such wastes tires as well, not only drifting. Crappy. I hope Federal, which are Taiwanese, don't get the same tax. The RS-R is an awesome grippy tire.

I totally agree.

Not using a car is a waste. I hate show cars.

[ranger240]

to all the people here saying "fuck that, do that to china" and dumb crap like that

just scroll through this

Bloomberg.com: Search News - [ tire] (http://search.bloomberg.com/search?q=tire&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date%3AD%3AS%3Ad1&submit.x=0&submit.y=0&submit=submit)

the headlines alone are reason enough to educated your ignorant ass why protectionism ruins economies and how its an unbelievably ignorant thing to do.


please try to come up with adequate counters, i'd love to laugh at them.

[ronmcdon]

Hankook is Korean owned, but has manufacturing facilities in China.
I think it's safe to say everyone is effected at this point, NOT just Chinese owned tire manufacturers.

You guys need to read more instead of just making wise-cracks.

Hankook Falls as U.S. Imposes Tariff on China Tires (Update1) - Bloomberg.com (http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ankjxH7XIn8Q)

Hankook Falls as U.S. Imposes Tariff on China Tires (Update1)

Share | Email | Print | A A A

By Kyunghee Park

Sept. 14 (Bloomberg) -- Hankook Tire Co., the largest overseas tiremaker in China, fell the most in almost eight months in Seoul trading after the U.S. slapped a 35 percent tariff on Chinese-made tires.

The company dropped 8.8 percent in Seoul trading, the biggest decline since Jan. 20, to close at 20,200 won. Aeolus Tyre Co., the largest Chinese-listed tiremaker by market capitalization, fell 3.3 percent in Shanghai.

Seoul-based Hankook, which exports about 12 percent of its Chinese output, will switch to shipping tires from South Korean plants, it said in an e-mailed statement today. President Barack Obama imposed the levy after the United Steelworkers complained that Chinese imports were pushing U.S. workers out of jobs.

“There is concern that Hankook Tire could be affected by the U.S. decision,” said Kevin Lee, an analyst at Shinhan Investment Corp. in Seoul. He has a “buy” recommendation on the stock.

China “strongly opposes” the tariffs, according to a statement of the Ministry of Commerce Web site. The U.S. violated rules of the WTO and the tariff imposition is a breach of the commitments made by the U.S. the Group of 20 summits, the ministry said.

Hankook, which has two out of its five plants worldwide in China, had taken steps in anticipation of a tariff, it said. The company has about a quarter of the Chinese passenger-car tire market, according to its Web site.

To contact the reporter on this story: Kyunghee Park in Hong Kong at [email protected]

[S14_Kouki]

Steelworkers complained that Chinese imports were pushing U.S. workers out of jobs.


So they are complaining about this what about all the call centers. All the big companys in the US outsource there call centers to oversea places. Every fucking thing is outsource. The last article I was reading was talking about 5 big tire plants in the US closed down while only one new one opened. Obama is adding this tax to bring more money to the US but it is not bring anymore jobs to the US and thats what this country needs is jobs that tax money does not help me.

[ronmcdon]

to all the people here saying "fuck that, do that to china" and dumb crap like that

just scroll through this

Bloomberg.com: Search News - [ tire] (http://search.bloomberg.com/search?q=tire&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date%3AD%3AS%3Ad1&submit.x=0&submit.y=0&submit=submit)

the headlines alone are reason enough to educated your ignorant ass why protectionism ruins economies and how its an unbelievably ignorant thing to do.


please try to come up with adequate counters, i'd love to laugh at them.

I agree there, BUT that is also another 'can of worms'.
Depends on whether or not you believe in removing international trade barriers as a whole.
(I'm all for it, but you have to understand not everyone here will given the obvious political leanings)

Personally I'd rather see Obama work on reducing trade barriers foreign countries have on us.
That would most certainly increase the likelihood that more US goods/services are imported.
As one of the most powerful markets and wto members,
I'm confident we have enough influence to do just this.

Imposing tariffs on foreign countries isn't going to do squat,
other than perhaps win over some union votes when election time comes along.

Even if the Obama admin had to create publicity,
they could have done so against the interests of a less influential power.
(i.e. Clinton imposing Tariff on Japanese car parts, Bush on German steel).
It's one thing to play with petty politics (everyone does it).
It's quite another to be strategic about it.

I just hope this isn't an ongoing trend.

[SexPanda]

other than perhaps win over some union votes when election time comes along.

whats that? You think Uncle Barack would really hurt the economy to win over votes in 3 years? NO FREAKIN WAY!

Now, if you'll excuse me, Im practicing waiting in line for hours to get basic medical care, and brushing up on my spanish.

[Ralliart4]

Eh, whatever. Its not like the tires I buy are super expensive anyhow. But I only see this putting stress on China-US relations. You know, you want Americans to keep their jobs and not have them outsourced? How about cut the rediculously high wages the unions demand? If a company wasn't paying a union employee 70 dollars an hour to push a button for 8 hours with a 2 hour lunch, then I'm sure that job would still be in America, instead of where ever.

Ding ding you hit the nail on the head there brother... thats the shizz that killed us. We are not in the 1930's where the 'MAN' was screwing every hard worker out there because they needed a job. The unions are killing industry and industry is what made america so great in the first place.

[ronmcdon]

whats that? You think Uncle Barack would really hurt the economy to win over votes in 3 years? NO FREAKIN WAY!

Now, if you'll excuse me, Im practicing waiting in line for hours to get basic medical care, and brushing up on my spanish.

Well Obama is acting in accord to the US steelworkers (or whatever they're called) union's request to impose a tariff on tire companies.
If that isn't appeasing unions, I don't know what is.
We can only speculate other possible motives (which is what threads like this are for, imo).

Yeah, I will agree with you it isn't the best for the economy to do this.
But Obama, the unions, & his worshippers may see otherwise.
Even US tire manufacturers like Goodyear & Cooper are either ambivelent or against this tariff.
US owned companies have factories in China too.

[ronmcdon]

Ding ding you hit the nail on the head there brother... thats the shizz that killed us. We are not in the 1930's where the 'MAN' was screwing every hard worker out there because they needed a job. The unions are killing industry and industry is what made america so great in the first place.

I don't buy that.
There are a LOT more factors as to why its 'generally' not cost effective to have your factories in the US.

Say hypothetically unions in the US ceased to exist.
Factory workers will still be working at minimum wage.
it's still not competitive considering other countries are operating at far lower overhead for labor costs.

A worker in China/India/Mexico might earn that $8 (if not less) in a whole day.
How do you realistically compete?

Hell, even if you match wages of US workers with foreign workers,
you still have to deal with stringent labor laws, high business insurance, higher non-labor overhead, risk of expensive lawsuits, etc.

[SexPanda]

Still, when someone is getting payed 4 times more than someone else doing the same job because of the Teamsters or whatever... It just doesn't make sense.

But I am not a pro-union guy. Fucking teachers unions especially, with their damn tenure shit. I had the worst fucking teachers in the world, who only had their jobs because they had tenure.

[S14_Kouki]

At the ead of the day and all use Americans are going to have less jobs every day because of outsourcing its really sad what this world is coming to.

[K_style]

Guess we get to burn less tires ?

[S14_Kouki]

Guess we get to burn less tires ?

lol yeah but dont worry we have other ways of killing our ozone layer .

[ranger240]

Imposing tariffs on foreign countries isn't going to do squat,
other than perhaps win over some union votes when election time comes along.

Even if the Obama admin had to create publicity,
they could have done so against the interests of a less influential power.
(i.e. Clinton imposing Tariff on Japanese car parts, Bush on German steel).
It's one thing to play with petty politics (everyone does it).
It's quite another to be strategic about it.

I just hope this isn't an ongoing trend.



U.S. Steel Files Complaint Against Chinese Steel Pipe (Update2) - Bloomberg.com (http://www.bloomberg.com/apps/news?pid=20601087&sid=ajBjQ7rsSJfk)

U.S. Steel Files Complaint Against Chinese Steel Pipe (Update2)


By Mark Drajem

Sept. 16 (Bloomberg) -- U.S. Steel Corp. asked the U.S. Commerce Department to impose dumping and anti-subsidy duties of as much as 90 percent on some steel pipe imports from China, five days after the Obama administration set tariffs on Chinese tires.

The petition was filed today with the U.S. International Trade Commission against $400 million in imports of pipes used in chemical, petrochemical, refineries and related operations, according to Roger Schagrin, a lawyer for the U.S. producers. The U.S. imposed tariffs this month on a different type of steel pipe from China in a separate case.

Analysts in recent days have said that Obama’s decision to impose safeguard duties on Chinese tires might encourage more industries to seek penalties against overseas rivals.

sorry mr. mcdon, the 'wah wah we need protectionism' trend appears to be ramping up into full swing.

its called 'moral hazard', no one in D.C. knows what that means anymore

[Chad4061]

is nexens apart of this too...I thought they were in korea i believe

[ronmcdon]

If they have factories in China, then yes they'll be effected.

[Matej]

In my opinion, this is more about sending a message that US is finally getting over its eight years of paranoia and isolationism, and is not afraid to play on the same level as everyone else.
You guys know that China just straight refuses to import a huge amount of American products, right? America, who is their biggest customer, has been a complete pushover as far as trade goes.
US will never produce something as cheap is it can be made somewhere else. Saving a measly few thousands factory jobs makes almost no difference in the big picture. The US is mostly a service economy anyway. However, convincing China, among other countries, to import American products, now that would be huge. Think how big of a market just China itself is. America has been trying to go about it the pleading softie way, but that does not work on China.

[EDacIouSX]

Hard parking a car is a waste of a chassis. And road racing and the such wastes tires as well, not only drifting. Crappy. I hope Federal, which are Taiwanese, don't get the same tax. The RS-R is an awesome grippy tire.

so if you own a model t, you should drift it. because hard parking a model t is a waste of a chasis.....

i don't understand what's so difficult about "to each their own"


I don't think tires should get taxed. we should pay off this debt instead of taxing more and more shit to start new programs that do nothing but fail.

This healthcare plan is bs. You ever have fun at the DMV? ever get such an amazing customer experience at the DMV that you leave smiling?

Well, just wait till healthcare is ran by the same people who run the dmv.