Sunday,  Jan 24, 2021,20:14 (GMT+7) 0 0
Preliminarily, most Vietnamese tires found not dumped on U.S. market
The Saigon Times
Monday,  Jan 11, 2021,11:32 (GMT+7)

Preliminarily, most Vietnamese tires found not dumped on U.S. market

The Saigon Times

Tire production at a Vietnamese company – PHOTO: VNA

HCNC - Most Vietnamese tire exporters did not dump products in the United States and therefore, their products are not subjected to antidumping duties, according to the U.S. Department of Commerce’s (DOC) affirmative preliminary antidumping duty determinations for passenger vehicle and light truck tires from several countries, including Vietnam.

DOC had initially determined that Vietnamese exporters had dumped passenger tires in the United States at the rates of 0-22.3%.

The Trade Remedies Authority of Vietnam under the Ministry of Trade said that Vietnamese producers and exporters of passenger vehicle tires found not dumped accounted for 95.5% of the Vietnamese tire exports to the United States. Some other exporters have been subjected to a 22.3% antidumping duty because they did not fully cooperate with the U.S. authorities.

The results also offer an advantage to Vietnamese tire exporters as the United States has imposed duties of 13.25-98.44% on tires from South Korea, Taiwan and Thailand.

DOC is scheduled to announce its final decision on May 14, 2021.

The Trade Remedies Authority of Vietnam said Vietnamese exporters will work closely with the U.S. authorities until the final conclusions are announced.

The United States imported passenger vehicle and light truck tires worth US$469.6 million from Vietnam in 2019.

DOC announced in late June 2020 the initiation of new antidumping and countervailing duty investigations to determine whether passenger vehicle and light truck tires from South Korea, Taiwan, Thailand and Vietnam are being dumped on the United States market and to determine if producers in Vietnam are receiving unfair subsidies.

The concurrent countervailing duty investigation of passenger vehicle tires from Vietnam remains ongoing.

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