Commerce Announces Final AD/CVD Rates on Chinese Truck and Bus Tires
The Commerce Department announced its final affirmative determinations in its antidumping and countervailing duty investigations of truck and bus tires from China, in a fact sheet released on Jan. 23 (here). The agency set AD duty rates ranging from 9% to 22.57%, and CV duty rates ranging from 38.61% to 65.46%, for Chinese exporters. Commerce will also order retroactive suspension of liquidation for CV purposes for all Chinese exporters except Double Coin Holdings (which is not subject to retroactive suspension of liquidation) and Guizhou Tyre (which continues to be subject to retroactive suspension of liquidation), after finding "critical circumstances" exist for the "all others" companies.
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Countervailing duty cash deposit requirements have expired, and will only take effect again if the International Trade Commission finds injury and Commerce issues a CV duty order. If CV duty cash deposit requirements resume, AD duty cash deposit rates will fall to zero for all exporters due to an adjustment for export subsidies found in the CV duty investigation.
The International Trade Commission is now set to make its final injury determination by March 3. If the ITC finds injury, Commerce will make duties permanent by issuing AD and CV duty orders. International Trade Today will have more details on these final determinations when they are published in the Federal Register.