Commercial Business

Minor Tariff Relief for All But One OTR Tire Maker

Posted on January 4, 2017

Most off-the-road tire manufacturers in India and Sri Lanka will pay slightly lower tariffs on their imported products following the final stage of investigation by the U.S. Department of Commerce (DOC). The exception is Balkrishna Industries Ltd. (BKT).

The DOC studied whether OTR tires from India and Sri Lanka benefited from subsidies from the governments in those countries. Additionally, the DOC looked at whether OTR tires from India were being dumped at less than fair market value prices in the U.S.

Here are the results:

In the Sri Lanka investigation, the DOC says tire makers are benefitting from subsidies. But since the agency announced its preliminary findings in June, it has recalculated — and lowered — the tariff rate to be charged to offset those subsidies. For Camso, and all other producers in Sri Lanka, OTR tires will be charged a 2.18% tariff, down from the 2.9% rate set in June.

For tires from India, the DOC was consistent in one part of its investigation. Just like in the preliminary phase, the DOC says it found no evidence that OTR tire makers in India have sold products in the U.S. at less-than-fair-market prices. As a result, OTR tire manufacturers in India will not be charged anti-dumping tariffs.

Those same tire makers from India, however, will be charged tariffs to offset subsidies the DOC says they’re receiving. The good news is that most OTR tire manufacturers in India will pay lower tariff rates than they were initially assessed in June.

Here’s where BKT is the exception.

The DOC lowered the countervailing duty rates for ATC Tires Pvt. Ltd., a part of Alliance Tire Group, to 4.9% from the earlier 7.64%.

BKT’s rate was increased slightly, to 5.36% from 4.7%.

All other OTR tire makers in India will pay a 5.06% countervailing duty, down from the 6.17% assessed in June.

Related Topics: DOC, India, OTR tariffs, Sri Lanka

Comments ( 0 )
More Stories
News

Bauer Built Awards $6,000 in Annual Scholarships

Since 1994 Bauer Built Inc. has recognized the children and grandchildren of its employees through the G. F. “Sam” and Ethel V. Bauer/Bauer Built Inc. Scholarship program. Four high school seniors have earned the prize in 2017.

News

Titan's Union Workers Approve New Contract

United Steelworkers (USW) members working at Titan International Inc. plants in Des Moines, Iowa, Freeport, Ill. and Bryan, Ohio have ratified a new five-year contract.

The Bridgestone Europe headquarters in Zaventem.
Article

Bridgestone in Europe! Building on Continued Success

As I am sure all MTD readers can appreciate, Europe is currently in the grip of a number of significant business trading changes including a fluctuating economy and the very real prospect of the UK market eventually leaving the European Union.

Article

Cost Pressures Will Likely Continue to Build

According to the results of our survey, demand for passenger and light truck replacement tires declined in March. Indeed, from a volume standpoint, the dealers reported they sold 0.8% fewer tires in March relative to the previous year’s period. The decline marks the third straight month of poor results versus the prior year’s period. However, on more a positive note, trends improved sequentially.

ATD's new mixing center is delivering tires to 32 distribution centers. The first truck load of tires pulled out of the dock on May 1.
News

New ATD Mixing Center Has Capacity for Almost 1 Million Tires

American Tire Distributors Inc. (ATD) has opened its fourth regional mixing center in the U.S. Large enough to hold nearly 1 million tires, the mixing center in the Dallas/Fort Worth area will replenish the inventories of 32 ATD distribution centers in the Southwest.

TRMG advises selecting the appropriate repair unit, either a one- or two-piece repair, based on repair material manufacturer recommendations. “For injuries with an angle greater than 25 degrees, depending on repair manufacturer, use a two-piece repair unit system.”
Article

LT Tire Repair: TRMG Revises its Recommendations

The Tread Rubber and Tire Repair Materials Manufacturers Group (TRMG) has released additional Recommended Practices (RPs) for retreading and repairing through the Tire Retread & Repair Information Bureau (TRIB) website. The RPs are free to view on TRIB’s website, www.retread.org.

News

ASA Releases Next-Generation TireMaster Software

ASA Automotive Systems Inc. has introduced its latest software for the North American market. New TireMasterGTX is point-of-sale and accounting software for mid-sized and enterprise-level retail/wholesale businesses.

News

Pep Boys Acquires 12 Tire Stores in Memphis

Pep Boys — Manny, Moe & Jack has acquired 12 retail tire locations in the Memphis area with the purchase of Mathis Tire & Auto Service Inc. and Direct Tire Distributors Inc.

Goodyear's Wingfoot logo will appear on Kyrie Irving's jersey, as well as the rest of his Cleveland Cavaliers teammates beginning with the 2017-2018 season.
News

Goodyear Goes 'All In' With Patch on Cleveland Cavaliers Jersey

Goodyear Tire & Rubber Co. is among the first companies in the country to buy an advertisement on the jersey of a NBA team. Akron-based Goodyear made it a 'local' transaction, and announced a multi-year sponsorship agreement with the Cleveland Cavaliers.

News

Yokohama’s Sales and Earnings Increase in 1Q

Yokohama Rubber Co. Ltd. reported net income of 5.7 billion yen on net sales of 147.7 billion yen for its first quarter ended March 31, 2017. That compares to income of 3.6 billion yen on sales of 129.3 billion yen for 2016’s first quarter.

In less than a year and a half, the FBI estimated small businesses in the U.S. lost more than $75 million in downtime due to ransomware.
News

How to Protect Your Business From Ransomware

A worldwide ransomware cyberattack affected businesses, governments and personal computers in 150 countries on Friday. And while Modern Tire Dealer doesn’t claim to be clairvoyant, our April cover story on ransomware has the information you need to protect your business.

Be the First to Know

Get the latest news and most popular articles from MTD delivered straight to your inbox. Stay on top of the tire industry and don't miss a thing!