The U.S. Department of Commerce has lowered the tariffs due on passenger and light truck tires imported into the U.S. from Thailand.
The government has completed a review of import data from January 2021 through June 2022, and in that timeframe determined that the dumping rates of product into the U.S. market dropped, and now range from 1.24% to 6.16%, depending on the tire supplier.
Originally, rates ranged from 14.62% to 21.09%.
Here’s a look at the newest rates, due to be published in the Federal Register on Jan. 29.
Sentury Tire (Thailand) Co. Ltd. 1.24%
Deestone Corp. Ltd./Deestone Corp. Public Co. Ltd. 4.52%
General Rubber (Thailand) Co. Ltd. 4.52%
LLIT (Thailand) Co. Ltd. 4.52%
Maxxis International (Thailand) Co. Ltd. 4.52%
Otani Radial Co. Ltd. 4.52%
Prinx Chengshan Tire (Thailand) Co. Ltd. 4.52%
Sanpo (Thailand) Co. Ltd. 4.52%
Zhongce Rubber (Thailand) Co. Ltd. 4.52%
Sumitomo Rubber (Thailand) Co. Ltd. 6.16%
The DOC will give U.S. Customs and Border Protection notice no earlier than 35 days after the publication in the Federal Register to begin assessing these new rates.
