Tires are one of the many automotive components that will be impacted by new tariffs announced by President Donald Trump.
However, executives from various tire companies contacted by MTD emphasized that the tariff situation is fluid.
List released
In a statement issued on April 2, the Auto Care Association said that “earlier today, a Federal Register notice released the list of auto parts HTS codes that would be subject to an additional 25% tariff on imports from all countries, effective May 3, 2025.
“The list covers a wide range of parts for passenger vehicles (sedans, sport utility vehicles, crossover utility vehicles, minivans, and cargo vans) and light trucks,” including automotive tires and tubes.
A wide range of chassis and drivetrain parts, engine parts, electrical and electric components and other products will also be subject to tariffs.
“There is an exception for U.S.-content eligible under USMCA,” the 2018 pact between the United States, Mexico and Canada that replaced the North American Free Trade Agreement.
Continuing to monitor
In a document published in the Federal Register on April 3, titled “Adjusting Imports of Automobiles and Automobile Parts Into the United States,” Trump stated that the U.S. Secretary of Commerce “shall continue to monitor imports of automobiles and automobile parts."
He also wrote that "the Secretary also shall, from time to time, in consultation with any senior executive branch officials the Secretary deems appropriate, review the status of such imports with respect to national security.
"The Secretary shall also inform the President of any circumstance that, in the Secretary's opinion, might indicate that the increase in duty rate provided for in this proclamation is no longer necessary."
Trump yesterday also announced tariffs that will be applied to a wide range of countries.
For more MTD Trump tariff coverage, see:
What a Second Trump Presidency Means For Tire Dealers
Stay tuned to www.moderntiredealer.com for continuing coverage.