Giti raises prices on China-sourced tires

Rancho Cucamonga, California - Giti Tire (USA) Ltd raised prices 9.5 percent on 1 Jan on all its passenger and light truck tires that it sources from China - citing the countervailing duties imposed on Giti by the government.

Giti said it delayed implementing a price increase until now because it was still working from inventory in stock that was not subject to the countervailing duty.

Giti noted ST-type trailer tires are exempt from the duty and, therefore, not part of the price increase.

“Giti Tire is committed to the US 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).

The company goes to market in the US with four brands: GT Radial, Primewell, Dextero and Runway.

Giti’s imported tires from China are charged a duty of 11.74 percent which was reduced from 17.69 percent in a US commerce Department revision on 24 Dec.

The department is scheduled to announce its decision regarding anti-dumping duties on Chinese-sourced consumer tires on 20 Jan.