Import duties: Thailand-produced car tyres may make US market gains

The United States Department of Commerce has released the results of its anti-dumping review of imported passenger car and light truck tyres (PCR) made in Thailand. The result of the re-examination investigation is consistent with the preliminary one and its good news for Thai tyre manufacturing plants. The release of the result also means PCR products produced in Thailand are expected to enter the United States market in large quantities soon.

Specific results include that Sentury is subject to an individual tax rate of 1.24 per cent, and Sumitomo’s tax rate is 6.16 per cent. Tyre products produced by other factories located in Thailand are subject to a tax rate of 4.52 per cent when exported to the US.

The tax rate for Linglong’s Thailand factory has been reduced from 21.09 per cent to 4.52 per cent, which will significantly improve its “operational capabilities and order acquisition, and quickly improve product competitiveness, which will help quickly seize market share”.

Sentury issued an announcement stating that its Thai company’s tax rate has dropped from 17.06 per cent to 1.24 per cent, giving the company “the lowest individual tax rate for Thailand PCR exports to the United States” and “the competitiveness and profitability are expected to be significantly improved”.

The tax rate of Jiangsu General’s Thailand subsidiary was adjusted from 17.06 per cent to 4.52 per cent, which will help it “further seize market share and enhance its competitiveness and profitability in the international market”.