Business

Big tyre exporters not subjected to US anti-dumping duties

Major Vietnamese tyre exporters have not dumped passenger tyres in the US, according to the US Department of Commerce (DOC)’s latest affirmative preliminary anti-dumping duty determinations for passenger vehicle and light truck tires from the Republic of Korea, Taiwan, Thailand, and Vietnam.
Big tyre exporters not subjected to US anti-dumping duties ảnh 1Production activities at a factory of the Danang Rubber JSC at the Lien Chieu Industrial Park. (Photo: VNA)

Hanoi (VNA) - Major Vietnamese tyre exporters have not dumped passenger tyres in the US,according to the US Department of Commerce (DOC)’s latest affirmativepreliminary anti-dumping duty determinations for passenger vehicle and lighttruck tires from the Republic of Korea, Taiwan, Thailand, and Vietnam.

They consist of Sailun, Kenda Rubber, Bridgeston, KumhoTire, and Yokohama Rubber, accounting for 95.5 percent of Vietnam’s total tireexport turnover to the US in 2019.

Meanwhile, the dumping rate for Vietnam-wide entity is at 22.3 percent.

The decisions have created advantages for the sector amidfierce competition from China and Thailand. The rubber sector also benefitsfrom the decisions as a large number of its products are used to make tyres.

The DOC is expected to issue its final decisions on May 14this year.

Per the preliminary antidumping duty determinations, exportershave dumped passenger tyres in the US at rates of 14.24 to 38.07 percent forthe Republic of Korea, 52.42 to 98.44 percent for Taiwan (China), 13.25 to22.21 percent for Thailand, and 0 to 22.30 percent for Vietnam.

As a result, the US Customs and Border Protection (CBP) willbe instructed to collect cash deposits from importers of passenger tyres fromthe nations based on the preliminary rates.

The US imported nearly 4 billion USD worth oftires from the four in 2019, with 469.64 million USD from Vietnam./.
VNA
#US Department of Commerce #anti-dumping duty #big tyre exporters #Vietnam-wide entity #Sailun #Kenda Rubber #Bridgeston #Kumho Tire #Yokohama Rubber #Vietnam news agency #vietnamplus United States
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