Commerce: Elevated duties on Asian tires remain
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WASHINGTON The U.S. Commerce Department has affirmed the imposition of elevated antidumping duties on consumer tires from South Korea, Taiwan, Thailand and Vietnam, albeit with a few revisions to the preliminary duties issued earlier.
Commerce has been studying the situation since late December, when it issued its
preliminary determination to impose anti-dumping import duties on passenger and light truck tires shipped from the four Asian lands, ranging at that time from 13.25% to as high as 98.44%.
Commerce s decision which finds that passenger vehicle and light truck tires from South Korea, Taiwan, Thailand and Vietnam are being, or are likely to be, sold in the U.S. at less than fair value sets the stage for a potentially rancorous hearing May 25, conducted by the International Trade Commission (ITC), which must rule on Commerce s decision.
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