A court ruling has lowered the cash deposit Cooper Tire & Rubber Co. will pay on passenger and light truck tires it imports into the U.S. from China.
The U.S. Court of International Trade entered a final judgment on Sept. 25, 2017, related to the 2015 tariffs that were placed on passenger and light truck tires from China. Cooper had objected to how the U.S. Department of Commerce (DOC) calculated its cash deposit rate, and ultimately the trade court agreed with Cooper’s argument.
Originally, as part of the anti-dumping case, the DOC assigned Cooper a cash deposit rate of 11.12%, reflecting “an adjustment for export subsidies and estimated domestic subsidy pass-through” from the related countervailing tariff investigation.
But the court said the DOC needed to determine Cooper’s rate “on the same basis as all other separate rate respondents.”
The result is Cooper’s cash deposit rate was lowered from 11.12% to 8.72% — a decrease of 2.4%. The change is effective Oct. 5, 2017.
The change applies to all of Cooper’s business entities, including Cooper (Kunshan) Tire Co. Ltd. and Cooper Chengshan (Shangdong) Tire Co. Ltd.