Commerce

US drops countervailing duties for Double Coin, Guizhou

Washington – Double Coin Holdings Ltd. has obtained a sharply lower countervailing duty rate on its truck and bus tires, while Guizhou Tyre Co. Ltd. obtained a slightly lower countervailing duty rate in a 14 Feb decision handed down from the US Department of Commerce.

Double Coin’s countervailing duty rate was reduced to 20.98% from the previously assessed 38.61%; Guizhou’s duty rate was lowered to 63.34% from 65.46%.

Commerce previously issued revised antidumping and countervailing duty figures 23 Jan as part of the ongoing investigation of whether…

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