The U.S. International Trade Commission says cheap Chinese tires are undercutting the U.S. market. But limits on tire imports would deeply affect local tire companies such as Les Schwab Tire Centers, which would then be forced to raise prices and cut jobs.
In a 4-2 vote Thursday morning, the U.S. International Trade Commission agreed with the United Steelworkers union that a surge of cheap Chinese tires is undercutting the domestic tire market. Now the White House has until mid-September to decide what action to take on behalf of U.S. tire manufacturers.
Les Schwab CEO Dick Borgman decried the decision, in a prepared statement following the vote.
Read the full story in The Bulletin.