The U.S. Department of Commerce is reviewing the subsidies truck and bus tiremakers in China received in 2022 and so far the early review shows the tariff rate for one company could increase dramatically.
In February 2019, when the countervailing duty rates for TBR tires from China were initially imposed, those rates ranged from 20.98% to 63.34%.
Subsequent reviews have generally lowered those rates, but the preliminary review of 2022 data would call for a lower rate for one company and a higher rate for the other.
- Jiangsu General Science Technology Co. Ltd. 124%
- *Qingdao Ge Rui Da Rubber Co. Ltd. 10.27%
*Commerce has previously determined that these companies are “cross-owned” with Qingdao Ge Rui Da Tire Co.: Cooper Tire (China) Investment Co. Ltd.; Cooper Tire AsiaPacific (Shanghai) Trading Co. Ltd.; Qingdao Yiyuan Investment Co. Ltd.; Goodyear Dalian Tire Company Ltd.; and Goodyear Tire Management Company (Shanghai) Ltd.
Previously, both companies had been assessed countervailing duty rates in the 17% range.
These new rates can still change during the final phase of the review, which is expected within 120 days.
