This question is strictly on passenger car tires. I understand that there are other tires that are imported from China like farm tires and off road tires, but would like to keep that market away from this discussion to not confuse the data.
So, whenever US tariffs are discussed on China; economists say that it hurts both countries equally. I get the rationale behind the argument.
So in 2009, the Bush administration put high tariffs on Chinese tires for passenger cars and light duty trucks due to safety concerns.
I have seen car tire quality remain great over the past 11 years and prices are reasonable too. But what do economists see in this particular market ? Has the passenger car tire market/manufacturing/consumer suffered due to the tariffs or has it benefitted ?
Does the data validate the rationale of both countries hurting ?