One Chinese OTR Tire Maker Scores a Big Win With Lower Tariff
One manufacturer of off-the-road tires in China sought a review of the tariff rate it’s paying to import tires into the U.S. And it paid off.
The Department of Commerce has a regimented process to review past tariff rates. Old investigations come up for review on a regular basis, and manufacturers and importers can request that their specific rate be reviewed. The government sets a period of review — a span of 12 months — and the company then submits data related to that time period.
Weihai Zhongwei Rubber Co. Ltd. submitted documentation for the period of Sept. 1, 2016, through Aug. 31, 2017. Its goal was to decrease, or eliminate, the anti-dumping charge it was paying on tires. As of 2017, Weihai Zhongwei Rubber was paying 33.14%.
Thanks to the latest review, Weihai Zhongwei Rubber’s anti-dumping rate has dropped to 1.45%. (Effective date: March 5, 2019, when it's published in the Federal Register.)
That’s a big advantage compared to the rate charged to most OTR tire makers in China: 105.31%.