·The US Department of Commerce finalizes the dumping and subsidy behavior of Chinese-made tires
On the 12th, the US Department of Commerce announced the final ruling and found that there were dumping and subsidies for passenger cars and light truck tires imported from China. Customizable Undercarriage,Mining complete undercarriage,Whole undercarriage,Customized overall chassis Jiangsu Origin Machinery Co., Ltd , https://www.originmachinery.com
The US Department of Commerce issued a statement on the same day saying that there were dumping and subsidies for passenger cars and light truck tires exported to the United States. The dumping margin ranged from 14.35% to 87.99%. The subsidy ranged from 20.73% to 100.77%, exceeding the US requirement for development. The national subsidy does not exceed 2%, and the developed countries do not exceed 1%.
In response to a complaint from the United Steelworkers Federation and another labor organization, the US Department of Commerce launched an anti-dumping and countervailing ("double-reverse") investigation on the above-mentioned products imported from China on July 15 last year. In November last year and January this year, the US Department of Commerce announced the preliminary results of countervailing and anti-dumping.
In response to the U.S. launch of a "double-reverse" investigation of Chinese-made tires, the Chinese Ministry of Commerce has expressed strong opposition to the view that the U.S. move violates the rules of the World Trade Organization and the U.S. domestic law and harms others. It is hoped that the U.S. will carefully handle the case and avoid damaging the two countries. Industry trade and cooperation.
According to the US trade remedy policy, in addition to the US Department of Commerce, the US International Trade Commission is required to make a final ruling before the formal collection of "double-reverse" tariffs. According to the latest schedule, the US International Trade Commission will make a final ruling around July 27. If the agency also makes a positive final ruling, that is, the products imported from China cause substantial damage or threat to the relevant industries in the United States, the US Department of Commerce will require the customs to formally impose "double-reverse" tariffs on related products.
The United States imposed punitive tariffs on Chinese passenger cars and light truck tires from September 11, 2009 to September 26, 2012, and increased the tax rate from 4% to 35% in the first year and 30 in the second year. %, 25% in the third year. During this period, the Chinese tire industry, the US retail industry and consumers suffered huge losses.
According to the US Department of Commerce, in the United States in 2014, the United States imported passenger cars and light truck tires from the United States amounted to 2.3 billion US dollars.