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Business, 19.06.2020 01:57 wyattgrubb00

In 2009 tariffs were imposed on Chinese tires. The result of this tariff was a drop in imports of these tires from $13 million to $5.6 million tires in one quarter. Additionally, within one year, the average radial tire prices rose by $8 per tire (in the United States): the average price of Chinese tires rose from $30.79 to $37.98, while the average price of tires from all other nations rose from $53.94 to $62.02. QUESTIONS: Who were the winners and losers of this tire tariff overseas

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