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President Donald Trump's executive order imposing tariffs on foreign steel and aluminum may translate to higher prices to commercial fleets for vehicles and truck or van equipment, fleet management company experts said.
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Associations representing manufacturers of vehicles and parts have spoken out against President Donald Trump's plan to place a 25% tariff on steel and a 10% tariff on aluminum imports.
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The International Trade Commission (ITC) has upheld the tariffs on off-the-road tires suggested by the U.S. Department of Commerce (DOC).
Read More →One factor driving the deluge of Chinese exports of replacement truck tires to the U.S. is China's immense tire production overcapacity. In 2015, China manufactured 120 million tires, with an overcapacity rate of almost 25 percent. The influx of Chinese truck tires is also having a detrimental effect on the tire retreading industry, because many of these “bargain” tires have only one life because they cannot be retreaded.
Read More →Nigerian Vice-Presidential Candidate Yemi Osinbajo assured Nigerians that, if elected, the Maj. Gen. Muhammadu Buhari-led government will slash tariffs on imported vehicles.
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