US Department of Commerce to Raise Anti-Dumping Tariff on OTR Tires from China
U.S. Department of Commerce released an announcement on July 22 on Federal Register that it decided to revise the anti-dumping tariff imposed on off-the-road tires imported from China made in 2008 according to the result of the lawsuit.
The tariff on mandatory respondent Hebei Xingmao Tire Co., Ltd. was increased from 29.93% to 31.79%; that on mandatory respondent Tianjin United Tire & Rubber International Co., Ltd. from 8.44% to 10.08%; and the average rate on companies holding separate rates from 12.91% to 13.92%.
As new rates had been given to Hebei Xingmao Tire and Tianjin United Tire & Rubber International in the retrial afterwards, their rates wouldn’t be revised any more.
The new rates of anti-dumping tariff traced back to March 23, 2015, and are applicable to 19 OTR tire exporters in China as follow:
- Tireworld Insight: Domestic tire makers eye overseas expansion
- Tireworld Insight: Price disparity severe between China's rubber exports and imports
- Tireworld Insight: China tire exports dependent on US market performance
- Tireworld Insight: SHFE rubber expected to move in tight range in short-term
- Tireworld Insight: Rubber futures to test near-term resistance at 15,000 yuan/tonne
- Tireworld Insight: China’s tire industry on track of rapid growth
