ITC Recommends Imposing Tariffs on Chinese Tires:

ITC Recommends Imposing Tariffs on Chinese Tires
Yesterday, the U.S. International Trade Commission unanimously voted to recommend that President Barack Obama impose tariffs on Chinese imports for a period of three years.
Yesterday, the U.S. International Trade Commission unanimously voted to recommend that President Barack Obama impose tariffs on Chinese imports for a period of three years to redress the unfair trade practices that Chinese manufacturers have used to severely hurt the U.S. industry.
Earlier this month, the ITC ruled that the import of Chinese tires is adversely affecting the domestic industry, after a complaint was filed by the United Steelworkers Union.
The USW complaint alleged that China, through currency manipulation, illegal subsidies and other illegal trade practices, has damaged the domestic tire industry by dumping vast amounts of low-priced tires into the American market.
According to the USW, from 2004 to 2008, Chinese tire imports increased 215 percent by volume and 295 percent by value. Over that same time, domestic production has fallen 25 percent.
By 2008, Chinese tire manufacturers imported 46 million tires worth approximately $1.7 billion.