"U.S. Department of Commerce Determines Dumping of Korean Tires"

Photo by MTD

[Asia Economy Reporter Yujin Cho] The U.S. Department of Commerce has determined that passenger car and light truck tires from Korea and other countries are subject to dumping allegations, according to the U.S. trade publication Modern Tire Dealer on the 24th (local time).

Accordingly, the U.S. Department of Commerce maintained its preliminary determination that passenger car and light truck tires from Korea, Taiwan, Thailand, and Vietnam are being dumped in the U.S. market.

However, the tariff rates were adjusted by company, ranging from 14.62% to 101.84%. The tariff rate for Hankook Tire & Technology was finalized at 27.05%, which is 11.02 percentage points lower than the 38.07% rate received in the preliminary determination at the end of last year.

Nexen Tire's rate was slightly raised by 0.48% to 14.72%, while Kumho Tire's rate was adjusted down by 6.07 percentage points to 21.74%.

The U.S. Department of Commerce also maintained its preliminary determination that Vietnamese tires benefit from government subsidies.

Earlier, the U.S. International Trade Commission (ITC) issued a preliminary determination in July last year that the U.S. industry suffered material injury due to tires from these countries.

Meanwhile, the U.S. ITC is scheduled to hold a hearing on the morning of the 25th regarding anti-dumping and countervailing duties on tires.

U.S. anti-dumping duties are finalized after the ITC's preliminary injury determination, the Department of Commerce's preliminary dumping determination, and the ITC's final injury determination.

This content was produced with the assistance of AI translation services.