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Giti is unhappy with tariff determination

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The U.S. Department of Commerce (DOC) announced its affirmative preliminary determination in the anti-dumping investigation of imports of certain passenger vehicle and light truck tires from China on Jan. 21, 2015.

Giti Tire Global Trading Pte. Ltd. and its affiliates were assessed an anti-dumping (AD) duty of 19.17%. Sailun Group Co. Ltd and its affiliates were assessed a duty of 36.26%. A long list of companies were assesed a duty of 27.72%.

Everyone else was assessed a "China-wide rate" of 87.99%.

In an official statement, Giti and its Giti Tire (USA) Ltd. subsidiary were not pleased with the determination.

"Giti is disappointed with the preliminary AD decision announced yesterday by the DOC. We are waiting for the DOC to release the full detail calculation so we can review it and understand the numbers.

"Giti will continue to fully cooperate with the antidumping investigation."

For background -- and analysis -- on the tariff situation, check out these links:

"Anti-dumping tariffs have been assigned!"

"The tariffs have been assessed, and there is one VERY BIG winner."

"DOC admits mistake, implements lower tariffs."

"Dominos begin falling as the second tariff decision looms."

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