On June 12, 2015, the U.S. Department of Commerce announced the outcome of the final ruling that dumping and subsidy behaviors existed for passenger cars and light truck tires imported from China.
The U.S. Department of Commerce issued a statement on the same day saying that there are dumping and subsidy actions for Chinese passenger and light truck tires that are exported to the United States. The dumping margins ranged from 14.35% to 87.99%; the subsidy ranged from 20.73% to 100.77%, exceeding the U.S. requirement for development. The state subsidy does not exceed 2% and developed countries do not exceed 1%.
The U.S. Department of Commerce Finalizes the Dumping and Subsidy Acts of Chinese Light Truck Tires
In response to the U.S. Steel Workers’ Federation and another labor organization’s complaint, the U.S. Department of Commerce launched an anti-dumping and countervailing (“double reverseâ€) investigation on the above products imported from China on July 15 last year. Last November and January of this year, the US Department of Commerce announced the preliminary results of anti-subsidy and anti-dumping respectively.
Regarding the United States’ launch of a “double counter†investigation into tires made in China, the Chinese Ministry of Commerce has expressed strong opposition and believes that the U.S. move violates the rules of the World Trade Organization and the U.S. domestic laws and harms people’s interests. He hopes that the U.S. side will handle this case cautiously and avoid sabotage between the two countries. Industry trade and cooperation.
According to the U.S. trade remedy policy process, in addition to the U.S. Department of Commerce, the U.S. International Trade Commission is required to make a final ruling prior to the formal collection of "double anti-duty" tariffs. According to the latest schedule, the US International Trade Commission will make a final ruling on or before July 27. If the agency also makes an affirmative final ruling, that is to say that such products imported from China will cause substantial damage or threat to the US related industries, the US Department of Commerce will require the customs to formally impose “double reverse†tariffs on related products.
The United States had imposed punitive tariffs on Chinese passenger car and light truck tires from September 11th, 2009 to September 26th, 2012. The tax rate was increased from the original 4% to 35% in the first year and the second year 30. %, 25% in the third year. During this period, the Chinese tire industry, the U.S. retail industry and consumers all suffered huge losses.
According to the US Department of Commerce, in 2014, the United States imported 2.3 million U.S. dollars worth of passenger car and light truck tires from China.
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