• ITVI.USA
    14,255.530
    -14.610
    -0.1%
  • OTRI.USA
    22.660
    0.190
    0.8%
  • OTVI.USA
    14,245.400
    -13.510
    -0.1%
  • TLT.USA
    2.780
    -0.010
    -0.4%
  • TSTOPVRPM.ATLPHL
    2.650
    -0.300
    -10.2%
  • TSTOPVRPM.CHIATL
    3.280
    -0.100
    -3%
  • TSTOPVRPM.DALLAX
    1.460
    -0.040
    -2.7%
  • TSTOPVRPM.LAXDAL
    2.490
    -0.200
    -7.4%
  • TSTOPVRPM.PHLCHI
    1.970
    0.010
    0.5%
  • TSTOPVRPM.LAXSEA
    2.990
    -0.310
    -9.4%
  • WAIT.USA
    127.000
    0.000
    0%
  • ITVI.USA
    14,255.530
    -14.610
    -0.1%
  • OTRI.USA
    22.660
    0.190
    0.8%
  • OTVI.USA
    14,245.400
    -13.510
    -0.1%
  • TLT.USA
    2.780
    -0.010
    -0.4%
  • TSTOPVRPM.ATLPHL
    2.650
    -0.300
    -10.2%
  • TSTOPVRPM.CHIATL
    3.280
    -0.100
    -3%
  • TSTOPVRPM.DALLAX
    1.460
    -0.040
    -2.7%
  • TSTOPVRPM.LAXDAL
    2.490
    -0.200
    -7.4%
  • TSTOPVRPM.PHLCHI
    1.970
    0.010
    0.5%
  • TSTOPVRPM.LAXSEA
    2.990
    -0.310
    -9.4%
  • WAIT.USA
    127.000
    0.000
    0%
American Shipper

U.S. finds dumping of Chinese truck and bus tires

The U.S. Commerce Department has determined that truck and bus tires from China are being both subsidized by the Chinese government and dumped on the U.S. market at less than fair value.

   The U.S. Commerce Department has determined that truck and bus tires from China are being both subsidized by the Chinese government and dumped on the U.S. market at less than fair value.
   In its dumping investigation, the department found that dumping has occurred by Prinx Chengshan (Shandong) Tire Co. Ltd. at a margin of 9 percent. Due to the failure to respond to requests for information during its investigation, Commerce established a dumping margin of 22.57 percent, based on adverse facts available, for all other Chinese producers and exporters of these tires.
   Commerce also calculated final subsidy rates of 38.61 percent and 65.46 percent for Double Coin Holdings Ltd. and Guizhou Tyre Co. Ltd., respectively, and established a final subsidy rate of 52.04 rate for all other Chinese producers and exporters.
   The U.S. International Trade Commission (ITC) is scheduled to make its final injury determinations involving these investigations on March 6. If the ITC makes affirmative final determinations that imports of truck and bus tires from China harm domestic industry, then Commerce will issue antidumping and countervailing duty orders. If the ITC makes negative determinations of injury, the investigations will be terminated.
   The petitioner for these investigations is the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union in Pennsylvania.
   Commerce estimated that in 2015, imports of Chinese-made truck and bus tires were valued at $1.07 billion.