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Trump Targets Asian Tire Imports in Final Month
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Trump Targets Imports of Asian Tires in Final Month
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MOEA to help vehicle tire makers facing U.S. anti-dumping duties
01/02/2021 08:45 PM
Pixabay image for illustrative purpose only
Taipei, Jan. 2 (CNA) The Ministry of Economic Affairs (MOEA) has vowed to assist Taiwanese vehicle tire makers accused of unfair trade practices by the United States who face anti-dumping tariffs.
The Bureau of Foreign Trade (BOFT) under the MOEA said on Friday that it will meet the affected firms in the anti-dumping case and their association as soon as possible to discuss how to secure a favorable decision from the U.S. authorities and reduce the impact of financial punishments.
The move by the BOFT to offer help came after the U.S. Department of Commerce (DOC) on Wednesday released a preliminary ruling based on its anti-dumping duty investigations, saying passenger vehicle and light truck tire makers from Taiwan, South Korea, Thailand and Vietnam have dumped their products on the U.S. market.
Tires Made in Southeast Asia Will Be More Expensive
Tires from South Korea, Taiwan, Thailand and Vietnam are about to get more pricey, as the U.S. Department of Commerce (DOC) announced yesterday preliminary duties in the antidumping duty (AD) investigations of passenger vehicle and light truck tires from those countries.
The DOC issued a preliminary decision that passenger and light truck tires imported from South Korea, Taiwan, Thailand, and Vietnam are being sold in the U.S. at less than fair value, or dumped. The dumping margins were calculated at 14.24 to 38.07 percent for South Korea, 52.42 to 98.44 percent for Taiwan, 13.25 to 22.21 percent for Thailand, and 0 to 22.30 percent for Vietnam. The DOC instructed U.S. Customs and Border Protection to collect deposits from tire importers based on those preliminary rates.
Convent Shell announces shutdown process; 698 employees laid off
2 months 3 weeks 5 days ago
Monday, December 28 2020
Dec 28, 2020
December 28, 2020 4:00 PM
December 28, 2020
in
News
Source: WBRZ
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CONVENT - Shell announced on Nov. 5 their plans to begin shuttering its Convent refinery in the coming weeks after it failed to find a buyer for the facility.
According to a statement from the company, the location will begin the process of shutting down in mid-November. Shell had been looking for a buyer to take to the site since July but has been unsuccessful.
Shell said the decision to close the refinery is part of the company’s global strategy to invest in a core set of uniquely integrated manufacturing sites that are also strategically positioned for the transition to a low-carbon future.
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