ANTI-DUMPING DUTIES ON TIRES FROM CHINA TAIWAN ,SOUTH KOREA ,THAILAND AND VIETNAM.
June 23, the United States International Trade Commission (ITC), issued the tire anti-dumping vote results.
The group decided to impose anti-dumping duties on imports of tires (PCR &LIGHT TRUCK TIRE ) from South Korea, Thailand and China Taiwan.
An anti-dumping investigation into Vietnamese tires was dropped in the vote, but countervailing duties will be imposed.
The anti-dumping duties imposed on tire manufacturers by region are as follows:
South Korea:
Hankook Tire & Technology Co. Ltd. — 27.05%
Nexen Tire Corp.–14.72%
Others:21.74%
Thailand:
Sumitomo Rubber (Thailand) Co. Ltd.-14.62%
Linglong(Thailand)-21.09%
Others:17.08%
China Taiwan :
Cheng Shin Rubber Ind. Co. Ltd.-20.04%
Nankang Rubber Tire Corp. Ltd.-101.84%
Others:84.75%
Vietnam:
Sailun Vietnam Co. Ltd.-6.23%
Kumho Tire (Vietnam) Co. Ltd.-7.89%
Others:6.46%
The tire anti-dumping case against four places in Asia originated in May 2020.
At the time, the United Steelworkers union (USW) petitioned the U.S. government to investigate.
Over the past few years, passenger and light truck tires imported from those regions have cost significantly less than American-made tires, according to the survey.
After several rounds of games, the US side still believes that these imported tires will harm the local industry.
In May, the US Department of Commerce issued a final ruling upholding anti-dumping duties in the four regions.
It is reported that the ITC will release its final damages ruling on July 7.
A tax order related to the case will be issued a week after the outcome.
Our PCR tires can be exported to the United States without any anti-dumping duty. Please contact us if you are interested.