US absolves Vietnamese tire exporters of dumping
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The U.S. has made a preliminary determination that most Vietnamese tire exporters did not dump products in the U.S. and not subjected them to anti-dumping duties.
Six producers and exporters of passenger vehicle tires from Vietnam, who account for over 95 percent of Vietnamese tire exports to the U.S., were found to not dump following an investigation by the Department of Commerce that began last June.
But some other companies were hit with a 22.3 percent anti-dumping duty, with the Trade Remedies Authority of Vietnam saying it was because they did not fully cooperate with U.S. authorities.
The U.S. has imposed duties of 13.25-98.44 percent on South Korea, Taiwan and Thailand. A final determination will be issued on May 14.
The U.S. imported nearly $4 billion worth of tires from the four in 2019, with Vietnam accounting for $469.64 million.
Questions & Answers
Q.Which Vietnamese tire exporters were found not to be dumping products in the U.S. Market?
Which Vietnamese tire exporters were found not to be dumping products in the U.S. Market?
Six producers and exporters of passenger vehicle tires from Vietnam, who represent over 95 percent of the country's tire exports to the U.S., were found not to be dumping their products.
Q.Why were some Vietnamese tire companies subjected to an anti-dumping duty?
Why were some Vietnamese tire companies subjected to an anti-dumping duty?
Some Vietnamese companies were hit with a 22.3 percent anti-dumping duty because the Trade Remedies Authority of Vietnam stated they did not fully cooperate with U.S. Authorities during the investigation.
Q.When will the U.S. Make its final decision on these anti-dumping duties?
When will the U.S. Make its final decision on these anti-dumping duties?
The U.S. Department of Commerce is scheduled to issue its final determination regarding the anti-dumping duties on May 14, following the preliminary findings.
Q.What was the total value of tire imports from Vietnam to the U.S. In 2019?
What was the total value of tire imports from Vietnam to the U.S. In 2019?
In 2019, the U.S. Imported tires from Vietnam valued at $469.64 million. This was part of nearly $4 billion in total tire imports from Vietnam, South Korea, Taiwan, and Thailand.
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