Introduction To U.S. Automotive Tire Import Market
Tariffs have changed the U.S. automotive tire import market to such an extent that the structure, cost, and sourcing patterns have significantly varied. Over the past several years, the mixture of antidumping (AD) and countervailing duties (CVD) layered on each other, alongside other trade measures like Section 301 tariffs on Chinese goods, had gradually increased the price of imported tires, and at the same time, importers had to change their procurement strategies entirely.
At the beginning, Section 301 tariffs doubled or more. As a result of that, the supply was shifted to Southeast Asian countries such as Thailand, Vietnam, Indonesia, and South Korea. Nevertheless, after the surge of imports from these countries, the U.S. government set up new AD/CVD measures that were mainly aimed at the year 2021, where the biggest affected were passenger and light truck (PVLT) tires from Thailand, Taiwan, South Korea, and Vietnam.
These duties added the costs that the goods had on arrival, and importers had to change their supplier portfolios, repricing contracts as well as seeking new sourcing destinations. After the Chinese tariffs, Thailand, which had been the largest supplier of passenger and commercial truck tires, got hit in 2024 with new antidumping tariffs on truck and bus radial (TBR) tires. The decision caused a shock to the tire distributors, commercial fleet operators, and logistics companies, as freight and transportation fleets are the major consumers of TBR tires, and there are very few domestic alternatives.
The following factors are influencing the U.S. automotive tire import market:
- Importers were forced to move their sourcing to Southeast Asia due to tariffs on Chinese tires.
- The landed cost of PVLT tires from Taiwan, South Korea, Vietnam, and Thailand increased due to antidumping and countervailing duties.
- The biggest source of supply for commercial fleets was disrupted by new tariffs on Thai truck and bus radial (TBR) tires.
- To protect themselves from tariff exposure, importers are diversifying toward countries like Brazil, Mexico, Malaysia, and India.
- Tire prices at wholesale and retail levels are rising across all segments due to higher import costs.
- Although there is less competition for domestic manufacturers, input costs are still rising.
- Fleets and retailers with narrow profit margins are finding it difficult to withstand price increases brought on by tariffs.
- Nearshoring, factory relocation, and mixed-sourcing tactics are reorganizing supply chains.
The Policy Drivers Behind the Shift
- Antidumping and Countervailing Duties (AD/CVD)
The biggest tariff shock effects are to come from the least fair pricing and subsidized production inquiries and enforcement activities. In the year 2021, the U.S. applied both the antidumping and countervailing duties on the passenger and light truck tires (PVLT) that were imported from Thailand, South Korea, Taiwan, and Vietnam. These steps raised the costs of imports and greatly affected the trade routes that had been there for a long time.
At the end of 2024, a new batch of antidumping duties on truck and bus radial (TBR) tires from Thailand was confirmed. Because of the decision that ruled Thailand as the main supplier of TBR tires to the U.S., the announcement caused the commercial fleets and logistics industries to be affected a lot.
- Section 301 Tariffs on China
Historically, import tariffs on Chinese tire products implemented under Section 301 trade actions still exert their impact on the choices of the sources of supply. Since 2018, the shipments from China have gone down drastically due to some tariffs that reached as high as 25 percent. The trade that was diverted to other countries not only raised businesses’ interest in those regions but also triggered increased monitoring and compliance activities by the authorities in the countries considered as alternative suppliers.
The goods and services deficit in June was $60.2 billion, down $11.5 billion from the revised $71.7 billion in May, according to a report released by the U.S. Census Bureau and the U.S. Bureau of Economic Analysis.
Goods and Services Deficit in the USA, 2025
Source: U.S. Census Bureau and the U.S. Bureau of Economic Analysis
Changing Sources of Imported Tires
- Decline of China as a Primary Exporter
China’s market share in the US tire import market was wiped out by Section 301 tariffs. Imports from nations with reduced or no tariffs consequently started to soar, especially from Southeast Asia.
- Rise of Thailand, Vietnam, and Indonesia
Thailand swiftly rose to the top of the PVLT and TBR tire export rankings to the United States after Chinese imports began to decline. To keep up with the growing demand, South Korea, Vietnam, and Indonesia also increased their production capacities.
Automotive Tire Market Insights
Understand the broader tire supply chain shifts with our report on the Automotive Tire Market, covering production capacities in Asia and diversification trends.
Price Impacts on Businesses and Consumers
- Rising Costs for Importers and Distributors
Tariffs are a direct way to increase the costs of the goods that have been brought into the country. Importers not only have to pay higher duties but also must cover the higher expenses for transportation, changes in production, and meeting the new regulations. Due to the costs, companies are going through the process of diversifying their suppliers, renegotiating their contracts, and changing their stock strategy.
- Domestic Manufacturers: A Mixed Advantage
Tire producers located in the U.S. get advantages from less competition in the lower price because of the higher costs of import. But they still bring in essential materials such as natural rubber, chemicals, textiles, and steel cords. It is possible that the inputs for which the company will face tariffs or increasing freight rates, so the net benefit will be limited.
- Retail and Consumer Pricing Pressures
Tariffs are consumer price changes that are inevitable. The most significant price hikes have been in the most affordable tire segments, which have mainly been Asian imports. The cost of TBR tires for heavy vehicle transportation has also gone up at a higher rate than the rest of the tires because the production of these tires is limited in the country.
Supply Chain Adaptation and Reorganization
- Diversified Manufacturing Strategies
Leading tire manufacturers are taking steps to lessen the effects of tariffs by moving or increasing their production in countries that are not targeted by the tariffs. To secure supply bases that are not affected by tariffs in the long term, enterprises have decided to put money into their factories located in Vietnam, India, and Indonesia.
- Nearshoring and USMCA Benefits
Mexico is turning into an increasingly appealing center for tire manufacturing, and the reason is the excellent trade conditions provided by the U.S.-Mexico-Canada Agreement (USMCA). The shorter shipping times and the absence of tariffs give nearshoring a competitive advantage in the market.
Legal and Regulatory Uncertainty
Tariffs caused by the AD/CVD law go through administrative reviews, where the officials decide whether to change the rates or issue retroactive payments. Consequently, importers face a financial risk as they must follow strict customs documentation and bonding requirements to comply with the law.
Legal conflicts at the World Trade Organization (WTO) and diplomatic protests from the countries that are affected add another level of uncertainty. Though these issues may have an impact on future policy, they hardly ever lead to quick changes.
Moreover, there is a bipartisan consensus in the U.S. to support domestic tire production against cheap imports. The political stability among the parties is minimizing the chances of decreased tariffs soon.
Effects on Market Segments
- Passenger and Light Truck Tires (PVLT)
The 2021 tariffs increased costs on PVLT imports from multiple Asian nations. While imports did not collapse, they became more fragmented, with sourcing spread across a wider range of countries.
- Truck and Bus Radial Tires (TBR)
The latest disturbance has impacted this section the most. The imposition of new tariffs on Thai TBR tires has caused fleets, distributors, and logistics providers to reevaluate their pricing and supply strategies. As commercial trucking is largely dependent on imports, the rise in downstream prices is occurring rapidly.
OTR (Off the Road) and industrial tires are the least targeted products in the tire category; however, they still encounter such cost issues because of overlapping supply chains and tariffs on input materials.
The following companies deliver solutions in the field of U.S. Automotive Tire:
- Bridgestone Americas: Bridgestone Americas, a unit of Bridgestone Corporation, Japan, is the second most prominent tire brand in the USA. The firm makes and sells a comprehensive line of car, light truck, and commercial vehicle tires to retail consumers and OEM (original equipment manufacturer) partners. Bridgestone operates several factories in different locations within the United States and has an overall dealer and distribution network that allows it to serve large quantities with ease. The company, using high-tech innovation, the concept of durability, and fuel-saving tire technology, has become a leading player in several market segments.
- Goodyear Tire & Rubber Company: Goodyear, which has its headquarters in Akron, Ohio, is the most identifiable tire brand in the U.S. The company makes a very wide range of tires for passenger cars, light trucks, commercial trucks, and specialty applications. To maximize the cost and supply flexibility, Goodyear merges domestic production with global sourcing. Its vast dealer network, creative product lineup, and solid OEM partnerships enable it to draw a large variety of the U.S. market, ranging from the economy to the premium segments.
Conclusion
Tariffs have not completely stopped tire imports into the U.S., but they have significantly changed the market. The supply chain that used to be heavily reliant on China has broken up and now spread over the countries of Southeast Asia, Latin America, South America, and even India. Importers are adjusting their tactics, but still, the prices are higher and less predictable.
For producers, distributors, the sales network, and, finally, consumers, tariffs have become pivotal in setting the prices, making the plans, and deciding on the supply in the long run. The influence is still there, and the future flexibility, the breadth of the suppliers, and close monitoring of trade will be the factors that will determine the tire market.
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Top U.S. Plant-Based Milk Manufacturers Leading the Market
Thought ArticlesThe U.S. plant-based milk category has evolved from minor shelving in natural food stores to a grocery item category available throughout the grocery store. With changing dietary practices and increasing awareness of lactose intolerance, along with growing sustainability issues, alternatives such as almond, oat, soy, and coconut milk are now commonplace. What was originally a small health-conscious innovation has now morphed into a multi-billion-dollar industry, with innovation and products introduced every year, impacting consumer choices. Now, plant-based milk is not simply a replacement for dairy milk; it is also about diversity, taste, consumer alignment, and lifestyle habits and values. Competition is rising, and larger traditional plant-based milk companies dominate with strong brand formation, consumer trust, and continual improvement and innovation. These industry-leading companies are establishing standards for quality and growth, impacting not just what consumers are pouring in their dairy coffee or cereal, but influencing the entire dairy-alternative industry.
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1. Almond Breeze
Almond Breeze is a leading plant-based milk brand produced by Blue Diamond Growers, a cooperative of over 3,000 almond growers based in California. Founded in 1910 as the California Almond Growers’ Exchange, Blue Diamond has grown to become the world’s largest almond processing and marketing company. The cooperative is headquartered in Sacramento, California, and operates additional manufacturing plants in Salida and Turlock, California. Almond Breeze offers a wide range of almond-based beverages, including original, unsweetened, vanilla, chocolate, and extra creamy varieties. These products are available in both refrigerated and shelf-stable formats, catering to diverse consumer preferences. Almond Breeze is known for its commitment to quality, using almonds grown by its cooperative members without the use of genetic engineering or gene manipulation. In the U.S. plant-based milk market, Almond Breeze holds a dominant position, with an estimated 48% market share as of 2024. This success can be attributed to the brand’s strong presence in both retail and foodservice channels, as well as its consistent product innovation and marketing efforts.
However, Almond Breeze has faced challenges in certain international markets. For instance, the brand announced its departure from Australian and New Zealand supermarkets, citing the almond milk range as “no longer competitive or profitable” in these regions.
Despite these challenges, Almond Breeze continues to be a significant player in the global plant-based milk industry, driven by its strong brand recognition, commitment to quality, and extensive product offerings.
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2. Oatly
Oatly has continued to be the most dominant oat milk brand in the U.S. and has become a staple in many coffee shops, where its creamy texture has made it a barista favourite. Since Oatly entered the U.S. back in 2016, the company has successfully helped oat milk to become a standard milk alternative, partnering with Starbucks and independent coffee shop businesses. As the company moves forward into 2025, it is navigating a financial restructuring by issuing SEK 1,700 million in Nordic bonds, while simultaneously signing a new sustainability-linked revolving credit facility to refinance debts, (which include repaying a $130 million U.S. loan). During these transitional times, Oatly has announced new and innovative products, the latest being a hot cocoa oat drink, which will be released in Whole Foods in November 2025, to capitalize on the popularity of seasonal hot drinks. Revenue increased $6.2 million, or 3.0% to $208.4 million for the second quarter ended June 30, 2025, compared to $202.2 million for the prior year period.
Oatly, America’s Revenue, 2022 and 2023
Source: Oatly
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3. Califia Farms
Califia Farms, which was founded in 2010, built its brand on good-looking packaging and high-end barista-style milks, making it a strong option in coffee shops. Its almond and oat milks have found a particularly good fit in the speciality coffee market. For 2025, Califia has embraced healthy branding with a new launch of products in its “Simple & Organic” range (for example, coconut and vanilla almond) and Califia Complete Kids, which offers nutrition equivalent to dairy but with less sugar. This will enable Califia to further strengthen its position in the family and wellness space while serving coffee culture. While Califia still has a smaller market share than Silk or Oatly, it is still a trendsetter and remains attractive to consumers seeking clean-label and natural plant-based options. Milk confuses the average person more than it ever has in the past. There are so many products in the dairy section—not only do we have 17 different kinds of dairy milk, with different fat contents to choose from, but there is also an entire aisle of plant-based alternatives. One aisle might even overwhelm a savvy consumer to decide which types and brands they want to choose. One can now choose from dozens of different types of milk in the grocery store, including traditional dairy, plant-based options, and different fat contents in dairy milk.
If someone is ever looking for something healthy in terms of milk, they advise you to look for an unflavored, unsweetened option, absolutely zero thickeners of any kind or added sugars, less than two grams of saturated fat, and, regarding calcium, you want to see anywhere near 250 milligrams or higher per serving. When following those guidelines, one of the healthiest options available at the supermarket is “Ripple Oat Milk + Protein,” at about 140 calories per serving. Horizon Organic Lowfat Milk is another healthy option in the supermarket.
Understand the Functional Beverages Market
Califia Farms’ focus on health aligns with the growing functional beverages trend. Our Functional Beverages Market Report provides insights into consumer preferences and market opportunities.
4. Planet Oat
Planet Oat came into the U.S. market in 2018 and quickly became a recognisable name by focusing only on oat milk. Produced by HP Hood, the brand has become very familiar in grocery stores with good price points and widespread availability. As of 2025, Planet Oat remains the volume leader and claims to be one of America’s best oat milk brands based on industry case studies. Their product lineup–Original, Vanilla, Extra Creamy–has remained the same, appealing to a wider audience instead of focusing on niche innovation. Although they have not been as splashy with product launches as Oatly or Califia, where Planet Oat has power is affordability and distribution in mass retail settings attracting everyday consumers. Planet Oat has partnered with One Tree Planted to support their mission of making it simple for anyone to help the environment by planting trees. One Tree Planted’s projects span the globe and are done in partnership with local communities to create an impact for nature, people, and wildlife. Their reforestation efforts help to rebuild forests after fires and floods, provide jobs for social impact, and restore biodiversity across the globe.
5. Elmhurst 1925
Elmhurst 1925 concentrates on beverages that are either oat-based or nut-based, products that are committed to ingredient transparency and minimal processing. Product lines included oat, cashew, almond, and macadamia milk. Elmhurst is distributed through Costco and Whole Foods but has various pack formats exclusive to the retailers. Elmhurst has developed a reputation for clear label claims and barista-friendly formulations. Its plant-based products contain no cholesterol, are lower in sugar than dairy milk and less saturated fat, which supports heart health, and are typically lower in calories. It is sold in supermarkets and grocery retailers, coffee shops and restaurants, and has a growing food service business to airports and colleges, and also ships directly to consumers. Its products have a 12-month shelf life and don’t require refrigeration.
6. Good Karma
Good Karma is a retailer of flaxseed-based milk products that are a good source of omega-3 fatty acids. Their line includes original and unsweetened varieties and is flavoured with vanilla. Their market position is smaller than others; however, Good Karma targets health-conscious consumers who seek plant-based beverages with functional appeal. Certified Glyphosate-Residue Free, non-GMO, and made without major allergens, while being easy on the environment. Because good quality plants make good quality products, which make good quality humans.
7. Milkadamia
Milkadamia specializes in macadamia nut milk, which offers an enjoyable, creamy taste in a low sugar beverage. It locates itself as a premium brand marketed in the U.S. that appeals to coffee-skewed consumers and health-oriented sales. Milkadamia has developed a range of creamers and dairy-like desserts, too.
8. Ripple Foods
Ripple Foods develops pea-protein milk, which has higher protein levels than most plant-based milks. Ripple products target sustainability, protein content, and flavour. Ripple has expanded into cheese and yoghurt as it grows their position in the plant-based dairy category.
9. So Delicious (Danone North America)
So Delicious has a range of plant-based milk using coconut, almond, cashew, and oat; as well as dairy-free yoghurt and ice cream. So Delicious is a health-focused and eco-conscious brand and has a substantial distribution footprint through supermarkets and grocery stores.
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Solar PV Backsheet Market expected to reach USD 2,904.854 million by 2030
Press ReleasesSolar PV Backsheet Market Trends & Forecast
Rising solar PV installation is the major driver of the solar PV back sheet market. Growing focus on the renewable energy sector due to rising electricity prices and environmental sustainability concerns is driving the installation of solar panels which, in turn, is propelling the growth of the solar PV back sheet market. Furthermore, the declining cost of solar panels is further augmenting the use of solar energy, thus positively impacting the growth of the solar PV back sheet market. While favorable government initiatives and policies to encourage the use of solar energy will continue to support the growth of the solar PV back sheet market in the coming years.
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Solar PV Backsheet Market Report Highlights
Report Coverage:
Solar PV Backsheet Market Growth Drivers
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Solar PV Backsheet Market Key Development
Solar PV Backsheet Market Segmentation
Knowledge Sourcing Intelligence has segmented the Solar PV Backsheet Market based on product type, material, installation type, application, and region:
Solar PV Backsheet Market, by Product Type
Solar PV Backsheet Market, by Material
Solar PV Backsheet Market, by Installation Type
Solar PV Backsheet Market, by Application
Solar PV Backsheet Market, By Region
Solar PV Backsheet Market Key Players
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Top U.S. States with the Highest Demand for Construction Equipment
Thought ArticlesThe construction equipment market in the United States is expanding rapidly, supported by strong infrastructure, commercial growth, and residential construction in a number of states. Demand for machines exists throughout the country, but certain states provide the highest volume of new equipment purchases, especially financed units.
U.S. Construction Spending, Jun-July 2025 ($ Billion)
Source: U.S. Census Bureau – Monthly Construction Spending Report, September 2, 2025
The top states of Texas, Florida, Georgia, North Carolina, and California are driven by a combination of population growth, industrial developments, and urbanisation. The combination of these long-term drivers is producing equipment sales in the highest volume in these areas, and they are increasing the demand for heavy equipment and compact equipment such as excavators, loaders, and skid steers. Financing from lenders and equipment dealers also supports equipment purchases, demonstrating the contractor and developer’s intention of using credit for large projects.
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1. TEXAS
Texas has emerged as one of the largest states in the U.S. for construction equipment sales as a result of its high investment, rapid urbanisation, and infrastructure spending.
Texas construction equipment adoption is driven by the substantial amount and diversity of construction activity. Texas often ranks in the top 3 to 5 in the U.S. for commercial construction spending, with a total of about $90 billion per year. The projects in the commercial space include not only manufacturing facilities, semiconductor plants, logistics centres, but also data centres, and there is continual growth in energy and clean technology. The strong growth in this industry leads to the demand for heavy equipment, excavators, loaders, cranes, compact track equipment and others. The diversity and volume of activity create a demand for both heavy equipment jobs and compact track jobs, which also support continued growth through some industrial megaprojects and residential or commercial building initiatives.
Commercial and Industrial Spend: Texas ranks first in the nation for commercial construction spend, roughly $90 billion per year, sparking demand for machinery.
When factoring in population growth, demand is worse. Cities in Texas, such as Austin, Dallas, Houston, and San Antonio, are growing fast, keeping up demand for residential and infrastructure work. When faced with these demands, contractors can use many different types of equipment. Contractors need all sorts of equipment, from an excavator and loader to a compact track loader, to meet the demands. Understanding financing equipment allows contractors to remain readily liquid and, if the planned financing is suitable, allows growth, reinforcing the support of Texas.
Challenges and Risks
Overall, Texas’s demand for construction equipment remains unmatched in the country because of its unique combination of commercial spending, population-driven infrastructure needs, and financing capability. With billions worth of commercial projects recently announced, coupled with continued urbanization, Texas has the opportunity to sustain its number one standing.
2. FLORIDA
Florida ranks as the second-largest market for construction equipment materials in the United States, after Texas. In 2024, Florida also ranked among the highest states for financed volumes of new construction equipment purchases, demonstrating the size of its housing boom, infrastructure, and commercial construction development. Florida is regularly listed among the top states for the demand for construction machines, including compact track loaders and excavators, and the skid steer sales volume is high.
The construction demand in Florida is driven mainly by population growth, coastal development, and a large commitment of infrastructure spending. There is a strong demand in the residential and commercial markets, and housing development has seen a large amount of activity related to highway work, resiliency infrastructure, and large-scale private developments. Florida’s city centres of Miami, Orlando, and Tampa Bay have very high populations and with their deep corridors of urbanisation, driving further demand for heavy machinery.
Notable characteristics of construction equipment demand in Florida include:
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3. GEORGIA
Georgia has become one of the fastest-growing markets for construction equipment in the United States. In 2024, it was consistently ranked among the top states for financed purchases of new equipment, along with Texas, Florida, North Carolina, and California. Georgia has a particularly strong demand for compact machines, such as skid steers, mini excavators, and track loaders, as it combines urban development, logistics infrastructure, and residential construction.
The growth in construction in Georgia is fueled by its strategic role as a logistics and industrial centre in the Southeast. Atlanta is rapidly expanding, coupled with significant investments in warehouses, distribution centres, manufacturing facilities and transportation networks, which has resulted in consistently strong demand for both heavy and compact equipment. In addition to urban development, various statewide infrastructure projects, such as highway projects and airport expansions, are contributing to Georgia’s increased need for construction machinery.
Major Drivers of Equipment Demand in Georgia
Various risks:
4. NORTH CAROLINA
North Carolina ranks as one of the best states in the country for financed purchases of construction equipment. In 2024, it was noted as one of the leading states, along with Texas, Florida, Georgia, and California, to have high volumes of newly financed units. North Carolina highlights a strong market for both compact equipment and heavier equipment.
The demand in North Carolina is influenced by a convergence of multiple market factors. The rapid urban growth in regions like the Research Triangle (Raleigh, Durham, Chapel Hill), Charlotte, and the Outer Banks has added stress to infrastructure, utilities, and housing. Major development projects for transportation and commercial building, and large industrial sites have increasing needs for earthmoving machines, grading machines, utility machines and paving machines. For example, North Carolina dealers reported sales of machines increase when major contracts for highways or bridges are awarded.
Another driver is the momentum resulting from regional infrastructure investment. Dealers in the Southeast, for example, report that demand is stronger in states with more road and bridge projects in process. In North Carolina, dealers like Triangle Equipment Group (which operates in Morrisville, Garner, and Wilmington) are proactively providing financing and credit to contractors, thus reducing the barriers to purchasing machines.
Key Drivers in North Carolina:
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How Tariffs Are Affecting the U.S. Automotive Tire Import Market
Thought ArticlesIntroduction To U.S. Automotive Tire Import Market
Tariffs have changed the U.S. automotive tire import market to such an extent that the structure, cost, and sourcing patterns have significantly varied. Over the past several years, the mixture of antidumping (AD) and countervailing duties (CVD) layered on each other, alongside other trade measures like Section 301 tariffs on Chinese goods, had gradually increased the price of imported tires, and at the same time, importers had to change their procurement strategies entirely.
At the beginning, Section 301 tariffs doubled or more. As a result of that, the supply was shifted to Southeast Asian countries such as Thailand, Vietnam, Indonesia, and South Korea. Nevertheless, after the surge of imports from these countries, the U.S. government set up new AD/CVD measures that were mainly aimed at the year 2021, where the biggest affected were passenger and light truck (PVLT) tires from Thailand, Taiwan, South Korea, and Vietnam.
These duties added the costs that the goods had on arrival, and importers had to change their supplier portfolios, repricing contracts as well as seeking new sourcing destinations. After the Chinese tariffs, Thailand, which had been the largest supplier of passenger and commercial truck tires, got hit in 2024 with new antidumping tariffs on truck and bus radial (TBR) tires. The decision caused a shock to the tire distributors, commercial fleet operators, and logistics companies, as freight and transportation fleets are the major consumers of TBR tires, and there are very few domestic alternatives.
The following factors are influencing the U.S. automotive tire import market:
The Policy Drivers Behind the Shift
The biggest tariff shock effects are to come from the least fair pricing and subsidized production inquiries and enforcement activities. In the year 2021, the U.S. applied both the antidumping and countervailing duties on the passenger and light truck tires (PVLT) that were imported from Thailand, South Korea, Taiwan, and Vietnam. These steps raised the costs of imports and greatly affected the trade routes that had been there for a long time.
At the end of 2024, a new batch of antidumping duties on truck and bus radial (TBR) tires from Thailand was confirmed. Because of the decision that ruled Thailand as the main supplier of TBR tires to the U.S., the announcement caused the commercial fleets and logistics industries to be affected a lot.
Historically, import tariffs on Chinese tire products implemented under Section 301 trade actions still exert their impact on the choices of the sources of supply. Since 2018, the shipments from China have gone down drastically due to some tariffs that reached as high as 25 percent. The trade that was diverted to other countries not only raised businesses’ interest in those regions but also triggered increased monitoring and compliance activities by the authorities in the countries considered as alternative suppliers.
The goods and services deficit in June was $60.2 billion, down $11.5 billion from the revised $71.7 billion in May, according to a report released by the U.S. Census Bureau and the U.S. Bureau of Economic Analysis.
Goods and Services Deficit in the USA, 2025
Source: U.S. Census Bureau and the U.S. Bureau of Economic Analysis
Changing Sources of Imported Tires
China’s market share in the US tire import market was wiped out by Section 301 tariffs. Imports from nations with reduced or no tariffs consequently started to soar, especially from Southeast Asia.
Thailand swiftly rose to the top of the PVLT and TBR tire export rankings to the United States after Chinese imports began to decline. To keep up with the growing demand, South Korea, Vietnam, and Indonesia also increased their production capacities.
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Understand the broader tire supply chain shifts with our report on the Automotive Tire Market, covering production capacities in Asia and diversification trends.
Price Impacts on Businesses and Consumers
Tariffs are a direct way to increase the costs of the goods that have been brought into the country. Importers not only have to pay higher duties but also must cover the higher expenses for transportation, changes in production, and meeting the new regulations. Due to the costs, companies are going through the process of diversifying their suppliers, renegotiating their contracts, and changing their stock strategy.
Tire producers located in the U.S. get advantages from less competition in the lower price because of the higher costs of import. But they still bring in essential materials such as natural rubber, chemicals, textiles, and steel cords. It is possible that the inputs for which the company will face tariffs or increasing freight rates, so the net benefit will be limited.
Tariffs are consumer price changes that are inevitable. The most significant price hikes have been in the most affordable tire segments, which have mainly been Asian imports. The cost of TBR tires for heavy vehicle transportation has also gone up at a higher rate than the rest of the tires because the production of these tires is limited in the country.
Supply Chain Adaptation and Reorganization
Leading tire manufacturers are taking steps to lessen the effects of tariffs by moving or increasing their production in countries that are not targeted by the tariffs. To secure supply bases that are not affected by tariffs in the long term, enterprises have decided to put money into their factories located in Vietnam, India, and Indonesia.
Mexico is turning into an increasingly appealing center for tire manufacturing, and the reason is the excellent trade conditions provided by the U.S.-Mexico-Canada Agreement (USMCA). The shorter shipping times and the absence of tariffs give nearshoring a competitive advantage in the market.
Legal and Regulatory Uncertainty
Tariffs caused by the AD/CVD law go through administrative reviews, where the officials decide whether to change the rates or issue retroactive payments. Consequently, importers face a financial risk as they must follow strict customs documentation and bonding requirements to comply with the law.
Legal conflicts at the World Trade Organization (WTO) and diplomatic protests from the countries that are affected add another level of uncertainty. Though these issues may have an impact on future policy, they hardly ever lead to quick changes.
Moreover, there is a bipartisan consensus in the U.S. to support domestic tire production against cheap imports. The political stability among the parties is minimizing the chances of decreased tariffs soon.
Effects on Market Segments
The 2021 tariffs increased costs on PVLT imports from multiple Asian nations. While imports did not collapse, they became more fragmented, with sourcing spread across a wider range of countries.
The latest disturbance has impacted this section the most. The imposition of new tariffs on Thai TBR tires has caused fleets, distributors, and logistics providers to reevaluate their pricing and supply strategies. As commercial trucking is largely dependent on imports, the rise in downstream prices is occurring rapidly.
OTR (Off the Road) and industrial tires are the least targeted products in the tire category; however, they still encounter such cost issues because of overlapping supply chains and tariffs on input materials.
The following companies deliver solutions in the field of U.S. Automotive Tire:
Conclusion
Tariffs have not completely stopped tire imports into the U.S., but they have significantly changed the market. The supply chain that used to be heavily reliant on China has broken up and now spread over the countries of Southeast Asia, Latin America, South America, and even India. Importers are adjusting their tactics, but still, the prices are higher and less predictable.
For producers, distributors, the sales network, and, finally, consumers, tariffs have become pivotal in setting the prices, making the plans, and deciding on the supply in the long run. The influence is still there, and the future flexibility, the breadth of the suppliers, and close monitoring of trade will be the factors that will determine the tire market.
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Single Malt Whiskey Market expected to reach USD 5.311 billion by 2030
Press ReleasesSingle Malt Market Trends & Forecast
Single malt whiskey is known for its unique features and is basically made from malted barley. Some manufacturers add a small amount of un-malted grains such as cornmeal or wheat. When the product is from one distillery, it is called a single malt, which means that it is a signature of that distillery. One of the main reasons leading to the increase in the global demand for single malt is the trend of rising trade of alcoholic beverages across international markets during the projected period.
In addition to that, one of the key reasons for the expansion of the single malt whiskey market is the rising usage of the premium category, particularly indigenously, in different parts of the world. Besides the worldwide trend in whiskey and other spirits trade, the market is also anticipated to receive a positive momentum during the predicted period.
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Single Malt Market Segmentation
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Single Malt Market, By Type
Single Malt Market, By Distribution Channel
Single Malt Market, By Region
Single Malt Market Key Players
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Enterprise Analytics Software Market expected to reach USD 416.205 billion by 2030
Press ReleasesEnterprise Analytics Software Market Trends & Forecast
Enterprise analytics mainly refers to big data, where organisations can perform analytical processes over the data to extract meaningful insights by using BI and analytical tools and make various decisions based on the insights. The market is projected to show robust growth during the next five years due to the rapid adoption of these tools across various industries, indicating a continuous increase in the quantity of data generated. As the amount of data across organisations is increasing, the need for streamlining business activities is also rising. Hence, the need for various tools to help the organisation’s rapid analysis, management, and data optimisation is increasing.
As all the functionalities are integrated into a single tool, it enables organisations to analyse the required data in less time, offering numerous economic benefits to companies and instigating its adoption across small and medium enterprises, significantly boosting market growth. Furthermore, the rising implementation of data-driven operations across various industries, such as healthcare, retail, transport, and logistics, among others, is also significantly driving the demand for various BI solutions, contributing to the market in the coming years.
Furthermore, the business environment is currently highly volatile and competitive. Thus, there is an increase in the demand for strategic decisions at every step of the business, coupled with the rapid proliferation of data due to the increase in the number of data sources, which widens the opportunities for market expansion. Moreover, decision-making is also considered an integral part of the business process in today’s era, which further requires thorough analytical processing of the data and models. These tools can offer smarter decisions and more actionable insights, increasing their adoption in the coming years.
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Enterprise Analytics Software Market, By Offering
Enterprise Analytics Software Market, By Enterprise Size
Enterprise Analytics Software Market, By Deployment
Enterprise Analytics Software Market, By Industry Verticals
Enterprise Analytics Software Market, By Region
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Plant-Based Eggs Market expected to reach USD 547.503 million by 2030
Press ReleasesPlant-Based Eggs Market Trends & Forecast
Plant-based eggs are good for the health of the consumers as they do not contain cholesterol and allergens and thus are the first choice of people who suffer from high cholesterol or are allergic to eggs. Healthy living and the increase in the number of vegetarians coupled with the rising demand for egg replacers are the major factors that are expected to keep the global market growing during the forecast period.
In addition, the growing need for vegan foods of plant origin and the awareness propagating the health benefits of plant-based eggs resulting to the plant-based egg market expanding. More consumers are becoming aware of the health benefits of plant-based diets which include the lowering of cholesterol and the risk of heart diseases, thus the demand for low cholesterol and low-fat products which can substitute the use of traditional eggs is also on the rise.
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Plant-Based Eggs Market, By Source
Plant-Based Eggs Market, By Form
Plant-Based Eggs Market, By Distribution Channel
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Rum And Cachaça Market expected to reach USD 50,288.465 million by 2030
Press ReleasesRum and Cachaça Market Trends & Forecast
Rum and cachaça are examples of alcoholic drinks, made from blending and promoting cane juice. The main difference between them is that rum is made from refined and boiled cane juice, and cachaça is made from fermented and distilled sugarcane juice. The rising alcohol consumption in the global market is one of the key drivers fueling the growth of the global rum and cachaça market during the forecast period.
One of the factors driving growth in the global rum and cachaça market is the increased demand for the food service sector, and especially restaurants, bars, and cafes around the world. The rise in global consumption of alcoholic beverages will also support growth throughout the forecast period.
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Rum and Cachaça Market Key Development
Rum and Cachaça Market Segmentation
Knowledge Sourcing Intelligence has segmented the Global Rum and Cachaça Market based on product type, application, distribution channel, and region:
Rum and Cachaça Market, By Product Type
Rum and Cachaça Market, By Application
Rum and Cachaça Market, By Distribution Channel
Rum and Cachaça Market, By Region
Rum and Cachaça Market Key Players
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Vanilla Bean Market expected to reach USD 1,890.240 million by 2030
Press ReleasesVanilla Bean Market Trends & Forecast
Vanilla Beans are being used quite often in food and beverage, cosmetics, and pharmaceutical sectors for their antioxidants and anti-carcinogenic properties. In North America there is growing demand for naturally flavoured food, ice creams, cosmetics and medications increasing the Vanilla Bean market. In fact, as rapidly as the population has grown, the demand for flavored foods and beverages has as well, which will continue to accelerate the expansion of this market.
Additionally, the increasing need for cosmetics and personal care products around the world is one of the primary factors that is supporting an increase in the vanilla bean market. Furthermore, the increase in the global production and production of food and beverage processing sectors is also expected to drive the market growth throughout the forecast period.
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Vanilla Bean Market Segmentation
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Vanilla Bean Market, By Product Type
Vanilla Bean Market, By Nature
Vanilla Bean Market, By End-User
Vanilla Bean Market, By Region
Vanilla Bean Market Key Players
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Testing Equipment and Services Market expected to reach USD 39.135 billion by 2030
Press ReleasesTesting Equipment and Services Market Trends & Forecast
The need for regulatory strictness and compliance for valued inspection and testing services and equipment is one of the major drivers of the global market for testing and equipment. Moreover, penalties placed on firms that do not conform to agreeable guidelines or regulations by government organizations helps prevent any mishap from happening to consumers on account of an inferior or poorly made product. For instance, the balancing act between testing, manufacturing, and importation of a product is ensured by the federal law of the U.S., who ensures that manufacturers and importers test all consumer products to ensure compliance with the minimum requirements about consumer product safety and for certification of the product to be certified.
Different countries or regions have laws that compel producers to produce their products in accordance with stated regulations and guidelines while using all the required testing equipment and services. This is exciting for the global testing equipment and services market since there are many companies that belong to various end-users that were making a booming demand for testing equipment and services in their quest to ensure that their product is of premium and utmost quality so it lasts longer and meets the demand of the consumer.
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Testing Equipment and Services Market Key Development
Testing Equipment and Services Market Segmentation
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Testing Equipment and Services Market, By Offering
Testing Equipment and Services Market, By End-User Industry
Testing Equipment and Services Market, By Region
Testing Equipment and Services Market Key Players
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