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Sumitomo, Hankook, Kumho investments in US tire operations spurred by trade remedy duties, labor union tells trade panel

By Kat Lucero ( May 25, 2021, 22:12 GMT | Insight) -- Plans by Asian companies Sumitomo Rubber, Hankook and Kumho to invest millions of dollars more in their existing American tire manufacturing facilities were influenced by US trade remedy investigations into passenger vehicle and light truck tire imports that began last year, United Steelworkers representatives told a US trade injury panel. The companies said the investigation should closely examine the two different segments in the tire market to find that the imports didn't harm the domestic industry. Plans by Asian companies Sumitomo Rubber, Hankook and Kumho to invest millions of dollars more in their existing US tire manufacturing facilities were influenced by US trade remedy investigations into passenger vehicle and light truck tire imports that began last year, United Steelworkers representatives told a US trade injury panel today....

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