U.S. Adds Duties to China-Made OTR Tires - Tire Review Magazine

U.S. Adds Duties to China-Made OTR Tires

The U.S. Department of Commerce has opted to impose countervailing duties – at least initially – on new OTR tires imported from China, saying the makers of those products benefited financially from Chinese government subsidies.

Chinese government subsidies include loans from government-owned banks, tax breaks, government grants and access to low-cost rubber and land, said the Commerce Department, which found subsidy margins for Chinese tiremakers ranging from 2.38% to 6.59%.

“This decision is just one step towards holding producers in China to the same standards as everyone else in the global economy,” said United Steelworkers President Leo Gerard. “U.S. workers have paid the price for China’s unfair government subsidies for too long. Today’s decision can help redress the unfair advantage that Chinese producers enjoy due to government subsidies in China.”

The Commerce Department action came as a result of complaints filed by Titan Tire, Bridgestone/Firestone, Denman, and the USW. (Tire Review/Akron)

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