US to review import duties on tires from Korea, Taiwan, Thailand

Washington — The US Department of Commerce has initiated a review of import duties which were imposed on passenger car and light truck tires originating from South Korea, Taiwan and Thailand in 2021.

“Commerce has received requests to conduct administrative reviews of various antidumping duty (AD) and countervailing duty (CVD) orders with July anniversary dates,” said a 6 Sept notification.

According to the notification, final results of the review will be published “no later than 31 July 2023”.

The duties were imposed on the tires in June last year, after the International Trade Commission (ITC) determined that the US local tire industry had been materially injured by imports of passenger vehicle and light truck tires from Korea, Taiwan, and Thailand.

The final decision included anti-dumping duties of varying range:
• 14.72% to 27.05% for South Korea;
• 20.04% to 101.84% for Taiwan;
• 14.62% to 21.09% for Thailand, and;

Additionally, Commerce determined that exporters from Vietnam received countervailable subsides ranging between 6.23% to 7.89%.

According to Commerce, in 2020, US imports of passenger car and light vehicle tires were valued at approximately $1.2 billion (€981 million), $373 million, $2 billion, and $470 million, from South Korea, Taiwan, Thailand, and Vietnam, respectively.