Anti-dumping tariffs have been assigned!
The U.S. Department of Commerce 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.
The investigation "covers certain passenger vehicle and light truck tires, which are new pneumatic tires, of rubber, with a passenger vehicle or light truck size designation," according to the DOC. "Such tires are suitable for use on motor cars and on-the-highway light trucks." (ST tires are exempt.)
A long list of companies has been assigned a separate rate of 27.72%. They include Cooper Tire & Rubber Co., Goodyear Dalian Tire Co. Ltd., Bridgestone (Wuxi) Tire Co. Ltd., Cheng Shin Tire & Rubber (China) Co. Ltd., Hankook Tire China Co. Ltd., Kenda Rubber (China) Co. Ltd., Kumho Tire Co. Inc., Pirelli Tyre Co. Ltd., Shandong Linglong Tyre Co. Ltd., Qingdao Nexen Tire Corp. and Toyo Tire (Zhangjiagang) Co. Ltd.
The following companies have been assigned the following tariffs:
* Giti Tire Global Trading Pte. Ltd., Giti Tire (USA) Ltd., Giti Tire (Anhui) Company Ltd., Giti Tire (Fujian) Co. Ltd., and Giti Tire (Hualin) Company Ltd./Giti Tire (Anhui) Company Ltd., Giti Tire (Fujian) Co. Ltd., and Giti Tire (Hualin) Co. Ltd.: 19.17%.
* Sailun Group Co., Ltd., Sailun Tire International Corp., Shandong Jinyu Industrial Co., Ltd., Jinyu International Holding Co., Limited, Seatex International Inc., Dynamic Tire Corp., Husky Tire Corp., and Seatex PTE. Ltd./Sailun Group Co., Ltd., and Shandong Jinyu Industrial Co. Ltd.: 36.26%.
The China-wide rate for anyone not on the list or previously listed is 87.99%.
The DOC preliminarily determined that the imports being investigated "have been sold in the United States at dumping margins ranging from 19.17% to 87.99%."
The anti-dumping (AD) duties are in addition to the countervailing (CV) duties assigned last year -- and to the 4% tariff placed on all consumer tires imported from China. For example, the tariffs on passenger and light truck tire imports manufactured in China by Cooper is:
27.72% (AD) + 12.5% (CV) = 40.22% + 4% = 44.22%.
For more on the new tariffs, check out these links: