Industry News Suppliers

Tariffs: A Look at Dumping Rates Assigned to Individual Companies

Order Reprints
Ports 2

The U.S. Department of Commerce is scheduled to announce its final determinations on or about May 14, 2021, unless this deadline is extended. 

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%
  All others 27.81%
 
Taiwan Tire manufacturer/exporter Rate
  Cheng Shin Rubber Ind. Co. Ltd. 52.42%
  Nankang Rubber Tire Corp. Ltd. 98.44%
  All others 88.82%
 
Thailand Tire manufacturer/exporter Rate
  LLIT Thailand Co. Ltd. 22.21%
  Sumitomo Rubber (Thailand) Co. Ltd. 13.25%
  All others 16.66%

 

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," 

Click here for more MTD coverage.

Related Articles

Anti-dumping tariffs have been assigned!

A Final Ruling on European Anti-Dumping Tariffs Is Announced

UPDATED: DOC affirms tariffs, increases rates for nearly all tire makers

You must login or register in order to post a comment.