Giti Tire (USA) Inc. Raises Prices As Result of Duties

Giti Raises Prices As Result of Duties

gitiGiti Tire (USA) Inc. raised prices by 9.5% on all passenger and light truck tires (excluding ST tires) the company produces in China and sells in the U.S., effective Jan. 1, 2015.

The price increase is the result of the 11.74% adjusted countervailing duties imposed by the U.S. Department of Commerce on Giti Tire Fujian Co. Ltd. Giti was initially handed a 17.69% duty but appealed the accuracy of the calculations. The DOC reviewed its claims and announced in December that ministerial errors were made.

According to the tiremaker, the company held off on price increases from its distribution centers during the DOC appeal because its stock inventory was not subject to CVD action. That inventory is now depleted and the company must account for the impact of the duties on tires that cleared U.S. Customs effective Dec. 1, 2014.

The next DOC action is scheduled for Jan. 20, 2015, when it will decide if anti-dumping duties will be assessed against tires manufactured in China.

“Giti Tire is committed to the U.S. market, and we look forward to working closely with our dealers to provide American consumers great quality tires at affordable prices,” said Armand Allaire, executive vice president of sales and marketing for Giti Tire (USA) Inc.

You May Also Like

TIA’s Advanced Farm Tire Service training to take place in June

The training class for technicians in the agricultural and farm tire industries is set to take place June 11-14.

TIA_training-

The Tire Industry Association's (TIA) upcoming Advanced Farm Tire Service (FTS) training class for technicians in the agricultural and farm tire industries is set to take place June 11-14 at Stellar Industries in Garner, IA. TIA said its Advanced FTS Training program provides technicians with hands-on instruction and classroom knowledge of the farm tire industry.

Maxxis-sponsored athletes make podium, overall top 10 at Mint 400

Maxxis athletes Michael McFayden, Ethan Ebert and Trey Gibbs had podium finishes at the Mint 400 on Maxxis RAZR XT tires.

2024-mint400-maxxis
Sun Auto Tire reveals winner of Ford Bronco Sport giveaway

Lowell Anderson entered the giveaway at his local Sun Auto Tire & Service store while receiving a routine oil change.

Sun-Auto-Bronco-giveaway
Nokian Tyres holds bracket challenge on worst roads in North America

In 2023, the tiremaker’s audience voted Quebec as the province or state with the worst road conditions on the continent.

Pothole-Protection-from-Nokian-Tyres
Gallery: 2024 Big O Tires conference and convention

Highlights from this year’s Big O Tires conference and convention, featuring a general session, trade show and breakout sessions.

Gary-Skidmore

Other Posts

Bridgestone’s Firestone Liberia rubber farm receives ISCC Plus recognition

According to Bridgestone, its Liberia facility earned the ISCC Plus certification for its efforts in reducing environmental impacts.

Firestone_Liberia
Ascenso Tires adds new OEM sales manager

Douglas Duesing has more than ten years of experience working in agriculture, construction and mining OEMs.

Ascenso-Douglas-Duesing-1400
Nexen Tire Motorsports drivers earn top placements at King of the Hammers

Nexen Tire Motorsports partnered with drivers across a variety of racing series both on- and off-road, including King of the Hammers.

Nexen-KOH
BKT to showcase its EarthMax tire range at AGG1 Academy & Expo

At booth 353, BKT said it is going to display its flagships for the OTR world, namely three all-steel radial tires from the EarthMax range.

BKT-AGG1-expo-1400