U.S. lowers anti-subsidy rate on Chinese tires

The United States Department of Commerce has announced lower anti-subsidy rates on tires imported from Double Coin Tire and Guizhou Tire, two Chinese exporters, than its January rulings.

Under the latest note, Double Coin Tire will receive a 20.98 percent anti-subsidy rate, compared to the previous 38.61 percent, while Guizhou Tire’s exports will be charged a rate of 63.34 percent, compared to the previous 65.46 percent.

The resolution admitted that the U.S. Department of Commerce had made mistakes in calculating subsidy rates.

The note also said Chinese tire exporters received an average subsidy of 42.16 percent, lower than the 52.04 percent under earlier calculation.

On 23 January, the U.S. government said Chinese tire exporters received subsidies of 38.61 percent to 65.46 percent, and that it would levy anti-dumping and anti-subsidy duties on Chinese tires.

After that, Double Coin Tire and Guizhou Tire prosecuted the U.S. Department of Commerce for making severe mistakes in calculating the subsidy rates.

Besides, Double Coin Tire and its U.S. affiliate China Manufacturers Alliance also won their prosecution on the U.S. government for the anti-dumping duty on OTR tires.

Thus, Double Coin Tire will only pay a 0.14 percent anti-dumping duty on the OTR tire export.

The U.S. International Trade Commission will come to the final rulings of anti-dumping and anti-subsidy rates on Chinese tire exporters in early March this year.