Commerce makes final duties rulings on Chinese tires - Tire Business
-- ArtID: 150619963 ArtByline: Miles Moore ArtCategory: NEWS ArtCategoryName: NEWS ArtTitle: Commerce makes final duties rulings on Chinese tires ArtMainPhoto: /apps/pbcsi. WASHINGTON (June 12, 2015) — Chinese passenger and light truck tire importers are dumping their products in the U. S. at margins ranging from 14. 35 to 87. 99 percent, the Commerce Department’s International Trade Administration has ruled. Also, the same importers are obtaining Chinese government subsidies ranging from 20. 33 to 100. 77 percent, according to the decision issued by Commerce June 12. The United Steelworkers union filed petitions with the International Trade Commission... Earlier, from September 2009 to September 2012, the Obama administration placed high tariffs on Chinese tire imports under Section 421 of the Trade Act. Chinese imports skyrocketed to pre-tariff levels immediately after the tariffs lapsed, the USW said. Commerce disclosed that Giti Tire Global Trading Pte. received final antidumping margins of 29. 97 percent and 14. 35 percent, respectively, while the "separate rate" companies received a final dumping margin of 25. 30 percent. All other producers/exporters in China received a final dumping margin of 87. 99 percent, based on adverse facts available. In the countervailing duties investigation, Commerce calculated a final subsidy rate of 37. 20 percent for GITI Tire (Fujian) Co. Ltd. 73 percent for Cooper Kunshan Tire Co. Ltd. Source: www.tirebusiness.com
