Taiwanese tire exporters face US anti-dumping duties
Taipei, May 25 (CNA) Car and truck tire suppliers in Taiwan and three other countries face anti-dumping duties after US officials widely upheld a preliminary ruling accusing them of selling products at unfairly low prices in the USA.
According to the latest US Commerce Department ruling released on Monday, anti-dumping duties of between 14.62% and 101.84% will be imposed on tire manufacturers in Taiwan, South Korea, Thailand and Vietnam, with Taiwan ahead of face the most severe penalties.
Taiwanese companies Nankang Rubber Tire Corp. and Cheng Shin Rubber Ind. exporters.
The US agency also decided to impose tariffs ranging from 14.62% to 21.09% on Thai tire exporters, from 14.72% to 27.05% on South Korean exporters and from zero to 22.27% to Vietnamese tire manufacturers.
Another step is needed before anti-dumping tariffs can go into effect. The U.S. International Trade Commission is also studying tire imports from those four regions, and its commissioners are expected to conclude their investigation on June 23 and vote on whether to continue the case.
DOC will forward its final results to ITC for review.
Some changes were made to the tariffs during the DOC’s final review. Cheng Shin Rubber Tire’s dumping duty after preliminary examination was 52.42%, but it was lowered by more than half to 20.04%, while Nankang Rubber Tire’s penalty was increased to 101, 84%, against 98.44%.
Tariffs for all other Taiwanese exporters edged down to 84.75 percent from 88.82 percent.
In response, the Taiwan Rubber & Elastomer Industries Association expressed surprise at the latest decision, saying that no Taiwanese tire manufacturer intends to sell their products in US markets.
During the DOC’s investigation, the association said, Taiwanese respondents attempted to provide evidence to show that they were not selling their products at unfair prices, but still received the sanction. more severe, which could harm Taiwan’s competitive advantage.
The association said the tariffs could cause Taiwanese companies to relocate their production lines to other countries to avoid tariffs, leaving workers in Taiwan to bear the brunt of the US measure.
In an earlier announcement, Nankang Rubber Tire said it decided to ship passenger car and light truck tires to the US market from its factory in Zhangjiagang in China’s Jiangsu Province instead of its original production base in Xinfeng in Hsinchu County.
The company said tire products not affected by the ruling, however, would still be shipped from the Xinfeng plant to the US market and production would be expanded.
For its part, Cheng Shin Rubber Tire said passenger car and light truck tires accounted for less than 2% of the group’s total sales.
More importantly, the final tariff rate has been reduced from the rate decided in the preliminary ruling, making the company more competitive, Cheng Shin Rubber Tire said.