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Today’s Top Headlines




USITC Stops Dispute Over Imported Chinese Tires

by Glen Shapiro, Tax-News.com, New York

24 February 2017

On February 22, the US International Trade Commission (ITC) decided that the US industry is not being materially injured, or threatened with material injury, by reason of imports of truck and bus tires from China.

ITC's determination, by a vote of 3-2, means that the Department of Commerce (Commerce), which was already of the opinion that the products are being subsidized and sold in the United States at less than fair value, will not be able to issue anti-dumping (AD) and countervailing duty (CVD) orders on their import from China.

On January 23 this year, Commerce had announced its affirmative final determinations that AD margins of 9-22.57 percent and CVDs of 38.61-65.46 percent should be imposed on Chinese truck and bus tire imports, which rose from a value of USD885m in 2013 to an estimated USD1.07bn in 2015.

In response to ITC's decision, United Steelworkers International President Leo Gerard said that "the ITC Commissioners made a huge mistake. … The ITC failed to support relief for the injured workers. That simply ignores the facts and the harm that Chinese unfairly-traded exports have caused. The size of [Commerce's] margins clearly indicated the serious nature of the problem, but our law separates the facts from the determination of whether injury has occurred."

TAGS: tax | anti-dumping | China | manufacturing | trade disputes | United States | import duty | trade

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