Daimler Trucks execs emphasized the benefits of global collaboration as the OEM develops new electric and automated truck technology, at the same time warning of the potential negative effects of tariffs and trade wars.
Impact of Chinese Truck Tires on Fleet Aftermarket
One factor driving the deluge of Chinese exports of replacement truck tires to the U.S. is China's immense tire production overcapacity. In 2015, China manufactured 120 million tires, with an overcapacity rate of almost 25 percent. The influx of Chinese truck tires is also having a detrimental effect on the tire retreading industry, because many of these “bargain” tires have only one life because they cannot be retreaded.