U.S. ITC: Imported Tires from Taiwan South Korea and Thailand Cause Substantial Harm to U.S. Manufacturers
The U.S. International Trade Commission (ITC) said on Wednesday that passenger car and light truck tires imported from Taiwan, South Korea and Thailand have caused “substantial harm” to U.S. manufacturers.
ITC also ruled that subsidized passenger car tires from Vietnam harmed the interests of domestic manufacturers in the United States.
ITC alleges that in accordance with the aforementioned ruling, the Ministry of Commerce “will impose anti-dumping duties on related products imported from South Korea, Taiwan and Thailand, and levy countervailing duties on related products imported from Vietnam.”
The US Department of Commerce declined to comment.
ITC also determined that the sale price of tire products imported from Vietnam in the United States was lower than the fair value, “negligible, and it voted to terminate the relevant anti-dumping duty investigation.”
In 2020, the United States imported 4.4 billion U.S. dollars worth of tires from the four countries mentioned above. According to the United States Federation of Steel Workers (USW), which represents US tire factory workers, the number of tire imports from these four countries has grown by nearly 20% since 2017, reaching 85.3 million in 2019.