DOC Announces Antidumping, Countervailing Duties
The Department of Commerce announced its final determinations in the antidumping duty and countervailing duty investigations on the import of certain Chinese made passenger and light truck tires on June 12. View a complete breakdown of the rates here. The International Trade Commission is scheduled to make a final determination on whether or not the
Final ITC Hearings on China Tire Duties Held
In what some consider a perfunctory hearing, the International Trade Commission yesterday held its session to consider final pleas from opponents and advocates of new countervailing and antidumping duties on imported China-produced consumer tires. With the final testimony of numerous parties now in hand, including that of several members of Congress and the USW as
DOC Lowers Anti-dumping Duties for all but One Manufacturer
The U.S. Department of Commerce has amended its countervailing duty rates for passenger vehicle and light truck tires from China to correct significant ministerial errors, according to reports. The result is a lower anti-dumping tariff for all but one of the 68 manufacturers, importers and distributors named in the original assignment. The DOC’s International Trade
Duties Lead to Additional Price Raises
Giti Tire (USA) Inc. will increase prices on all passenger and light truck tires (excluding ST tires) the company sells in the U.S. by 5.5%, effective immediately. The price raise is in response to the 30.91% duty rate (the sum of 11.74% countervailing duties and 19.17% anti-dumping duties) assessed to Giti Tire. In total, the
Duties Will Harm American Consumers: China Trade Group
The China Rubber Industry Association will appeal the U.S.’s decision to set anti-dumping duties for certain passenger and light truck tires imported from China. “To issue such high duty rates would impair China’s tire manufacturing sector as well as harm the interests of American consumers,” stated the association. “Over the past three years U.S. tire
Anti-dumping Duties In Effect
Preliminary anti-dumping duties for certain passenger and light truck tires imported from China went into effect Jan. 27, 2015. With the ruling published in the Federal Register, manufacturers and importers of Chinese passenger and light truck tires must now pay anti-dumping duty rates ranging from 19.17% to 87.99% before adjustments, retroactive to 90 days prior
UPDATE: Commerce Department Declares Anti-dumping Duties
Preliminary anti-dumping duties for certain passenger and light truck tires imported from China were set Jan. 21, 2015, by the Commerce Department’s International Trade Administration. The duty rates vary between 19.17% and 87.99% before adjustments. As a result of the investigation, the following companies were handed a 19.17% duty rate before adjustments: Giti Tire Global Trading Pte. Ltd.,
Duties and Raw Materials and Tire Prices
Just when we thought we’d see some clarity, things start getting cloudy again. The good news right now, say industry analysts, is that input costs continue their downward trend. Oil, as you surely have seen, remains below $50 per barrel, and natural rubber prices remain stable but well below the rates of recent years. So,
Giti Raises Prices As Result of Duties
Giti Tire (USA) Inc. raised prices by 9.5% on all passenger and light truck tires (excluding ST tires) the company produces in China and sells in the U.S., effective Jan. 1, 2015. The price increase is the result of the 11.74% adjusted countervailing duties imposed by the U.S. Department of Commerce on Giti Tire Fujian
Pending Duties Forced Del-Nat’s Hand in TBC Sale
Six months after a major management shake-up and the appointment of a “turnaround professional” to helm the struggling private brander, Del-Nat Tire Corp. will be acquired by TBC Corp. The deal was announced to Del-Nat dealer stakeholders by an email letter from interim CEO Brian Grant, who was hired in June 2014 after the Del-Nat
