Washington – The US International Trade Commission (ITC) has determined that the US tire industry has been materially injured by imports of passenger vehicle and light truck tires from Korea, Taiwan, and Thailand.
In its 23 June vote, the commission also decided against anti-dumping duties on products from Vietnam due to the "negligible" volume of imports, but voted for countervailing duties on tires originating from the country.
As a result of the affirmative determinations, the US Department of Commerce will issue anti-dumping duty orders on imports of these products from Korea, Taiwan, and Thailand, and a countervailing duty order on imports of these products from Vietnam.
In its 24 May determination, the US Department of Commerce recommended the following anti-dumping duty rates for:
• 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.