It's difficult to predict the impact of the Trump tariffs levied on Canada, Mexico and China, according to the Tire Industry Association (TIA).
TIA "cannot provide detailed comments on the current tariff situation, as it remains fluid and uncertain," Roy Littlefield IV, TIA's vice president of government affairs, told MTD.
"Tariffs are being used as a negotiating tactic, as seen with the recent delays involving Mexico, making it difficult to predict their impact or timing," he said.
On Feb. 3, Trump agreed to a temporary pause on the application of 25% tariffs levied on Mexico and Justin Trudeau, Canada's prime minister, has reported that tariffs on Canada will be paused for 30 days. It appears, however, the additional 10% levied on China will remain in effect.
"We recognize that many tires are imported and that tariffs will undoubtedly affect the (tire) industry," said Littlefield. "However, the extent and specifics of that impact cannot be determined at this time. TIA will continue to monitor the situation closely."
For more MTD coverage of the Trump tariff actions, see:
