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Total tariff load could be between 45 and 50%

When you add the standard preliminary countervailing charge of 15.69 per cent to the predicted anti-dumping tariff of between 25 and 35 per cent, it means we are looking a total potential tariff load in the region o 40 to 50 per cent. Writing in an investor’s note published immediately after the Department of Commerce announcement, SunTrust Robinson Humphrey analyst Robert Higginbotham certainly suggested as much: “We believe in the middle to upper end of expectations. Countervailing typically the smaller of the two pieces (the other being antidumping); today’s decision [24 November] implies a total tariff in the range of 45-50 per cent.

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US imposes Chinese tyre import tariffs

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The US Commerce Department (USDOC) has moved to impose import tariffs on tyres manufactured in China and imported into the US. The USDOC has also agreed to initiate work on an additional nine subsidy programs identified by the USW. The preliminary finding suggested that Chinese-made tyres in this category are unfairly subsidized and should be subject to countervailing duties of 17.7 per cent and 81.3 per cent. The precise percentage depends on the manufacturer in question, but the standard rate is reportedly 15.69 per cent. This is the second round of passenger vehicle and light truck duties since the millennium. The first round ran from 2009 to 2011 and ranged from 35 to 25 per cent.

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USW receives Dept of Commerce deadline extension for Chinese antidumping decision

The USW has petitioned for and received an extension from the US Department of Commerce, pushing back to November the deadline for completion of the preliminary determination on its antidumping and countervailing duty complaint targeting China-made consumer tyres imported into the US, Tire Review reports.

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US investigation into Chinese tyre imports to continue

Yesterday the United States International Trade Commission (USITC) determined there is a reasonable indication that imports of certain passenger car and light commercial vehicle tyres from China – tyres alleged to be subsidised and offered for sale in the US at less than fair value – materially injure or threaten to materially injure the country’s domestic industry. USITC chairman Meredith M. Broadbent, vice-chairman Dean A. Pinkert, and commissioners Irving A. Williamson, David S. Johanson, F. Scott Kieff, and Rhonda K. Schmidtlein voted in favour of continuing the investigation into these products.

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US tyre investigation is “dog in the manger” behaviour, says Chinese ministry

Moves by United States trade authorities towards reintroducing duties on certain Chinese tyres have been applauded by the union representing many US tyre industry workers, yet China says this not only contradicts international trade rules and national law, but any new antidumping or countervailing duties that emerge from current investigations will also fail to achieve their intended result.

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