USW Welcomes Affirmative Preliminary Countervailing Duty Determination on Truck, Bus Tires from China

USW welcomed the June 28th U.S. Department of Commerce affirmative preliminary countervailing duty determination on truck and bus tire imports from China for trade petitions filed Jan. 29. Leo W. Gerard, USW International President, said: “Today’s federal determination confirms what our petitions alleged – that Chinese tire producers are receiving a wide array of government subsidies and exporting those subsidized tires to the United States. Our members can compete against any producer in the world, but it is simply unacceptable to ask us to compete against the deep pockets of the Chinese government’s state-owned enterprises.”

He added, “Unfair truck tire imports from China have denied our domestic industry the opportunity to share in production and job increases in a period of robust demand growth.  The United States imported over one billion dollars of truck tires from China last year, and each of those Chinese tires means one tire less made here in the U.S. by USW members.” 

Following today’s preliminary determination, importers will need to start posting cash deposits, or bonds to offset the subsidies that Chinese tire producers have received, at margins ranging from 17.06 to 23.38 percent. A preliminary antidumping determination in the case is due on August 26, and final determinations are expected in January of 2017. 

For more information, copy and paste the following link into your browser: http://www.usw.org/news/media-center/releases/2016/usw-welcomes-affirmative-preliminary-countervailing-duty-determination-on-truck-bus-tires-from-china