Tariff Update: DOC To Impose Duties on Tires from South Korea, Taiwan, Thailand and Vietnam
2020-12-30
The U.S. Department of Commerce (DOC)
has announced affirmative preliminary determinations in the antidumping duty investigations of passenger vehicle and light truck tires exported to the U.S. from South Korea, Taiwan, Thailand and Vietnam.
The DOC says
it has “preliminarily determined that exporters have dumped passenger tires in the United States” at rates of
- 14.24% to 38.07% for South Korea,
- 52.42% to 98.44% for Taiwan,
- 13.25% to 22.21% for Thailand,
- and up to 22.30% for Vietnam.
“As a result of today’s decisions, Commerce will instruct U.S. Customs and Border Protection to collect cash deposits from importers of passenger tires from South Korea, Taiwan, Thailand, and Vietnam, based on the preliminary rates noted above.”
The DOC
is scheduled to announce its final determinations in these cases on or about May 14, 2021, unless the deadline is extended.
Modern Tire Dealer
Korean Tire Makers Concerned about U.S. Anti-dumping Tariffs
The United Steelworkers (USW) filed a complaint with the U.S. Department of Commerce and the ITC in May, claiming that tires made in Korea, Taiwan, Thailand, and Vietnam sold below fair prices in the United States, said industry watchers on Dec. 30.
The USW asserted that dumping margins for imported tires was
45.95 to 195.20 percent for those from Korea,
21.00 to 102.00 percent for those from Taiwan,
106.40 to 217.50 percent for those from Thailand,
14.73 to 33.06 percent for those from Vietnam.
Businesskorea
http://www.businesskorea.co.kr/news/articleView.html?idxno=57754