U.S. Commerce adjusts import duty rates on select Chinese tires imported in 2016
The U.S. Department of Commerce has made a slight downward adjustment in the countervailing duty rates on passenger and light truck tires imported from China during calendar year 2016.
Commerce published the final results of an administrative review of those duties in the April 25 Federal Register. At that time, the agency found a countervailable subsidy rate of 16.37% for Cooper (Kunshan) Tire Co. Ltd., 15.75% for Qingdao Sentury Tire Co. Ltd. and 16.17% for non-selected companies under review.
However, Cooper filed a petition on May 6 with Commerce, claiming the agency made a clerical error in how it calculated the benefit to Cooper from the provision of synthetic rubber and butadiene for less than adequate remuneration, according to a June 17 notice correcting the error.
Under the new calculations, Cooper will pay a countervailing duty of 15.47%, while non-selected companies will pay 15.56%. The rate for Sentury remains unchanged at 15.75%.
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