Four American tire cord manufacturer Bekaert (Bekaert), Bridgestone (Bridgestone Metalpha), Kiswire America and Tokusen USA had requested exemption from the provisions of the United States 232 and more than 1078 high-carbon wire rod tariffs. Among them, Bekaert, Kiswire and Tokusen pointed out in the statement that the finished tire cords were exempted in Section 232. In this case, American tire manufacturers will be more dependent on imported tire cords, “seriously damaging†President Trump’s implementation of tariffs. aims.
U.S. Big Four Tire Cord Manufacturers Apply for Tariff Exemption USTMA senior vice president and general counsel, Tracey L. Norberg, stated at the business hearing on May 24 that domestic suppliers could not meet the demand of American tire manufacturers for these steel products. The company stated that the steel wire used in the production of tire cords and bead wire must use high-carbon wire rods to meet the required strength and cleanliness, and this product cannot be purchased from the American bar factory because they use electric arc furnaces. It is reported that Bekaert operates five North American factories, Kiswire operates two factories, and Tokusen runs a factory, employing a total of 1,700 workers. Bekaert is a subsidiary of Bekaert NV in Belgium, Kiswire America is a US subsidiary of South Korea's Kiswire, and Tokusen USA is a Japanese subsidiary of Tokusen of Japan. In the submission, it was disclosed that both Bekaert and Kiswire had shelved the planned capacity expansion due to the implementation of tariff 232.
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