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Today’s Top Headlines

US Anti-Subsidy Duties Finalized For Indian, Sri Lankan Tires

by Mike Godfrey,, Washington

06 January 2017

On January 4, the Department of Commerce (Commerce) announced its final decision that, while Indian manufacturers/exporters have not dumped the same products into the United States at less than fair value, it will impose anti-subsidy countervailing duties (CVDs) on the imports of certain new pneumatic off-the-road (OTR) tires.

Commerce has therefore not set antidumping duty (AD) margins against OTR tire imports from India, and the investigation has been terminated. The margins had been alleged at between 10.77 percent and 76.45 percent.

However, in the concurrent CVD investigation, Commerce calculated final subsidy rates of between 4.90 percent and 5.36 percent. If the US International Trade Commission (ITC) also issues an affirmative injury determination (expected on February 17, 2017), Commerce will issue a CVD order.

Commerce has also been running an investigation of OTR tire imports from Sri Lanka. Subject to the ITC's final determination, it has made a final decision to impose CVDs of 2.18 percent on those imports.

TAGS: tax | business | India | Sri Lanka | anti-dumping | manufacturing | trade disputes | tax rates | United States | import duty | trade

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