DOC Error Lowers Tariffs on Chinese PLT Tires Again

Posted on May 1, 2018

There’s been another adjustment to the tariff rates charged on passenger and light truck tires imported from China. The rates, which were lowered in March, have been adjusted downward again.

The latest adjustment, which will become effective May 2, 2018, when the new rates are published in the Federal Register, follows a complaint by Giti Tire Global Trading Pte. Ltd. (and Giti’s associated companies) that the Department of Commerce (DOC) made mathematical errors when calculating the company’s new rates in March.

The DOC acknowledges the errors, and has adjusted Giti’s rate. Because Giti was one of the primary respondents in the review of import data from Dec. 1, 2014, to Dec. 31, 2015, the change in Giti’s rates means the rates of other companies also needs adjustment.

In all cases, the rates have been reduced slightly. Here’s a look at what the countervailing rates were in March, and what they’ll be as of May 2:

CompanyMarch 2018 rateMay 2, 2018 rate
Giti Tire Global Trading Pte. Ltd. (which includes: Giti Tire(USA) Ltd., Giti Radial Tire (Anhui) Ltd.; Giti Tire (Fujian) Co. Ltd.; Giti Tire (Hualin) Co. Ltd.20.68%15.75%
Cooper (Kunshan) Tire Co. Ltd.16.16%15.10%
Zhongce Rubber Group Co. Ltd.119.46%114.68%
Non-selected companies under review19.13%15.53%

These countervailing rates are assessed as a way to offset subsidies the companies receive from the Chinese government. They are in addition to anti-dumping tariffs, which are imposed on companies that “dump” products in the U.S. market for less-than-market prices.

Thus far, the anti-dumping rates that were assessed in March have not changed. Giti must pay a 1.50% anti-dumping tariff; Qingdao Sentury Tire Co. Ltd. (which includes Sentury Tire USA Inc.) is charged 4.41%; and 62 other companies pay a 2.96% anti-dumping tariff. (Find the whole list of those companies here.)

Related Topics: Chinese tariffs, DOC, tariffs

Comments ( 0 )
More Stories
News Pirelli Will Host The Perfect Fit Award Contest on Aug. 17

This year’s Monterey Car Week in California brought vintage, new and concept cars together with, in many cases, Pirelli tires.

Gustavo (Gus) Lima, CEO; Linda Bassitt, president; and Marco Zigni, vice president of the Latin American & Caribbean Tyre Expo, had the honor of cutting the opening ribbon to start the show. 
Article Latin Tyre Expo Turns 10: New, Retreaded Tire Markets Were Examined

The Latin Tyre Expo celebrated its 10th anniversary in late June at the Atlapa Convention Center in Panama City, Panama. The Expo has become the leading event for suppliers and manufacturers to connect with leading tire distributors and dealers from Mexico, Central and South America, and the Caribbean regions (LATAM).

News Driven Brands Adds Take 5 Oil Change Outlet in Gastonia

Driven Brands Inc. has built a two-bay franchise store in Gastonia, N.C., to serve the West Charlotte suburban community.

Be the First to Know

Get the latest news and most popular articles from MTD delivered straight to your inbox. Stay on top of the tire industry and don't miss a thing!