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
Steve Postel will lead retail efforts for Continental's commercial truck products.
News Continental Builds Up Commercial Team for the Americas

Continental Tire the Americas LLC has added several key members to the team responsible for the company's commercial tire business in the Americas, including those directing retail, marketing and original equipment truck tire sales.  

News Michelin Buys Lehigh Technologies and Advances Its Sustainable Mission

Michelin North America Inc. has acquired Lehigh Technologies Inc., a company that transforms rubber from end-of-life tires and industrial goods into materials for new tires and other products.  

McCarthy Tire Service is the nation's first commercial tire dealer with an advanced OTR tire trainer on staff. Mark Shimko, center, is pictured with, from left, Russell Devens, director of safety and risk management; John McCarthy Jr., company president; Tracy Schooley, director of human resources; and Mary Kate Lambert, human resource generalist.
News McCarthy's Mark Shimko Earns Elite OTR Training Certification

McCarthy Tire Service Inc.'s Mark Shimko, the company's off-the-road tire and commercial safety trainer, has earned the highest level of certification in the OTR tire industry. And he's one of only eight in the world to do so.

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!