USTMA supports bipartisan bill to revitalize American retread industry
The U.S. Tire Manufacturers Association (USTMA) and its members express strong support for H.R.3401 to strengthen domestic tire retreading. The bill, reintroduced by U.S. Representatives Darin LaHood (R-IL) and Emilia Strong Sykes (D-OH), proposes tax credits for fleet purchasers of American-made retreaded commercial tires, aimed at strengthening domestic manufacturing, job creation, and sustainable tire solutions.
“Approximately 15 million tires are retreaded annually in the U.S, including nearly 44% of commercial truck tires in the U.S. and Canada. By providing tax credits to fleet purchasers who buy American-made retreaded commercial tires, we have a critical opportunity to support domestic manufacturing and strengthen our national economy,” said Anne Forristall Luke, president and CEO of USTMA. “This legislation is about more than just tires – it's about investing in American workers and promoting a sustainable and innovative manufacturing sector.”
Retreading plays a vital role in the circular economy, helping reduce carbon emissions and conserve natural resources. Compared to new tires, retreaded tires use significantly less oil and raw materials, keeping over 1.4 billion pounds of waste out of landfills each year.
However, the number of domestic retreading facilities has declined sharply due to increased imports of non-retreadable foreign tires. H.R.3401 seeks to reverse this trend by incentivizing fleet operators to choose retreaded tires, supporting U.S. jobs and enhancing supply chain resilience.
To learn more, read the official press release by USTMA.
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