Average price of these tires to increase

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Reference no: EM13974863

In 2009, the United States imposed a tariff of 35% on radial car tire imports from China. The tariff caused imports of these tires to drop from 13 million tires to less than 6 million tires in one quarter, and the average price of these tires to increase by $8 per tire. Who was the primary loser from this tariff?

Chinese tire producers

Domestic tire producers

Non-Chinese foreign tire producers

Tire consumers in the United States

The federal government in the United State

Reference no: EM13974863

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