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 jumped to 38.61% from 17.06%, while the rate for Guizhou Tyre Co. Ltd nearly tripled to 65.46% from 23.36%.
As for antidumping duties, the agency maintained the China-wide antidumping rate of 22.57% it found in its preliminary determination 29 Aug.
However, it cut its antidumping duty against Prinx Chengshan (Shandong) Tire Co. to 9% from the preliminary level of 20.87%; the rate for non-selected respondents eligible for a separate rate also was decreased to 9%, from 22.57%.
The case is still under review by the International Trade Commission (ITC), which is scheduled to issue its final determination 6 March.