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China truck, bus tires dumped, unfairly subsidized : US Commerce Department.

Tyres-rims
Posted: January 25, 2017 at 9:33 am   /   by   /   comments (0)

The U.S. Commerce Department said on Monday it made a final finding that bus and truck tires from China were dumped at below market prices and were unfairly subsidized.

The department determined final subsidy rates ranging from 38.61 percent to 65.46 percent and antidumping margins ranging from 9 percent to 22.57 percent, it said in a statement.

In 2015, U.S. imports of more than 8.9 million truck and bus tires from China were worth $1.07 billion, the statement said.

The International Trade Commission, which must find damage to U.S. industry for the tariffs to remain in effect, is expected to release its conclusion on March 6.

China’s Ministry of Commerce said the finding was extremely unfair and gravely harmed China’s interests, according to an article on China’s state radio website, citing Wang Hejun, head of the trade remedy and investigation bureau at the Ministry of Commerce.

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