The ITC explains its vote on Chinese tire tariffs
The U.S. International Trade Commission (ITC) has explained why it upheld anti-dumping and countervailing duty tariff rates on Chinese imports of passenger and light truck tires set by the Department of Commerce (DOC).
The ITC has released a 230-page report explaining the reason behind its decision. Proprietary business information provided by the tire manufacturers has been redacted.
The report discusses various areas the investigation covered, including:
* conditions of competition in the U.S. market;
* U.S. producers’ production, shipments, and employment;
* U.S. imports, apparent U.S. consumption, and market shares; and
* pricing data.
Among the ITC’s findings:
* passenger and LT tires from China increased their share of the U.S. market from 11.5% in 2012 to 17.5% in 2013 and 19.3% in 2014;
* the Chinese tire industry produced about 399 million passenger and LT tires in 2014; and
* the largest producers in China include Hangzhou Zhongce Rubber Co., Ltd., Giti Tires, Pte, Ltd. (“Giti”), Triangle Group Co., Ltd., and Shandong Linglong Rubber Co., Ltd.
The ITC voted to affirm the tariff rates on July 14, 2015. To read the ITC’s report, click here.