ITC says Chinese imports may be harmful
The United States International Trade Commission (ITC) has determined that consumer tire imports from China may or may soon be "materially" injuring the domestic tire industry.
The ITC says there is "a reasonable indication" that the imports are being subsidized and sold in the U.S. at less than fair value.
As a result of the commission's affirmative determinations, the U.S. Department of Commerce (DOC) will continue to conduct its investigations on imports of these products from China. Here is the schedule for the DOC's preliminary determinations.
* Its preliminary countervailing duty determinations are due on or about Aug. 27, 2014.
* Its antidumping duty determinations are due on or about Nov. 10, 2014.
The commission's public report, "Certain Passenger Vehicle and Light Truck Tires from China" (Investigation Nos. 701-TA-522 and 731-TA-1258 (Preliminary), USITC Publication 4482, August 2014) will contain the views of the commission and information developed during the investigations.
The report will be available after Aug.26, 2014. After that date, it may be accessed accessed on the ITC website by clicking here.
Chairman Meredith Broadbent, Vice Chairman Dean Pinker, and Commissioners Irving Williamson, David Johanson, F. Scott Kieff and Rhonda Schmidtlein voted in the affirmative.
The ITC's preliminary findings follow an initial determination by the DOC to investigate dumping (sold at less than fair value) and subsidizing (i.e., tires benefiting from government subsidies) claims by both the United Steelworkers and AFL-CIO. For more information, check out these links: