U.S. Issued Official Countervailing and Anti-Dumping Duty Order

U.S. Issued Official Countervailing and Anti-Dumping Duty Order

According to the information just obtained by the China Rubber Industry Association, the U.S. Department of Commerce has published the countervailing and anti-dumping duty order on Federal Register on February 15, 2019. The U.S. will impose countervailing and anti-dumping duties on imports of tires for truck and passenger cars originated in China.

After anti-dumping and countervailing investigations from 2016 to 2017, the U.S. Department of Commerce determined that the dumping margins of more than 100 Chinese truck and bus tire production and export enterprises such as Prinx Chengshan, Double Coin Tyre and Guizhou Tire were 9%~22.57%.

At the same time, it was determined that the subsidy rate of Guizhou Tire and Double Coin Tyre was 63.34% and 20.98%, and the subsidy rate of other producers was 42.16%.

It was learned that Guizhou Tire and Double Coin Tyre had previously proposed to correct subsidy rate. After revision, the subsidy rate of Double Coin Tyre was lowered by 17.63%, the subsidy rate of Guizhou Tire was lowered by 2.12%, and the subsidy rate of other Chinese producers was lowered by 9.88%.

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