Tuesday evening, the Department of Commerce announced its preliminary determinations in the countervailing duty investigations of imports of certain new pneumatic OTR tires from India and Sri Lanka.
The DOC announced a preliminary subsidiary rate of 4.7% for Balkrishna Industries Limited (BKT) and 7.64% for ATC Tires Private Limited. All other tire producers and exporters from India received a rate of 6.17%.
In the Sri Lanka investigation, the DOC assigned a 2.9% rate to all producers and exports from Sri Lanka.
Click here for a detailed factsheet on the preliminary duties.
The Commerce Department will announce final determinations on or near Oct. 28.