Commerce

US increases duties against Chinese truck, bus tires

Washington – The US Department of Commerce final ruling on import duties on truck and bus tires from China includes a doubling of countervailing duties on most companies from the preliminary level, although it also includes some cuts to the antidumping duties.

Final countervailing duty levels were doubled or even tripled from the preliminary levels issued 28 June.

Commerce raised rates for all but a pair of companies – Double Coin Holdings Ltd. and Guizhou Tyre Co. Ltd –  to 52.04% from 20.22%.

Double Coin’s countervailing duty rate…

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