Tariffs: A Look at Dumping Rates Assigned to Individual Companies
The U.S. Department of Commerce (DOC) has assigned preliminary, punitive dumping rates to a number of tire manufacturers that export passenger and light truck tires from South Korea, Taiwan, Thailand and Vietnam to the U.S.
Here's a detailed look at the numbers, which the International Trade Administration (ITA) has published on its website, broken out by country:
|South Korea||Tire manufacturer/exporter||Rate|
|Hankook & Co. (formerly Hankook Technology Group)||38.07%|
|Nexen Tire Corp.||14.24%|
|Cheng Shin Rubber Ind. Co. Ltd.||52.42%|
|Nankang Rubber Tire Corp. Ltd.||98.44%|
|LLIT Thailand Co. Ltd.||22.21%|
|Sumitomo Rubber (Thailand) Co. Ltd.||13.25%|
On its website, the ITA has listed a "Vietnam-wide" dumping rate of 22.30%, while listing the following companies with manufacturing facilities in that country: Sailun Group (Hong Kong) Co. Ltd./Sailun Tire Americas Inc./Sailun (Vietnam) Co. Ltd.; Kenda Rubber (Vietnam) Co. Ltd.; Bridgestone Corp./Bridgestone Tire Manufacturing Vietnam LLC; Kumho Tire (Vietnam) Co. Ltd.; and Yokohama Rubber Co. Ltd./Yokohama Tyre Vietnam Co.
The DOC says it will instruct U.S. Customs and Border Protection to "collect cash deposits from importers of passenger tires from South Korea, Taiwan, Thailand and Vietnam, based on the preliminary rates noted above,"
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