U.S. Department of Commerce Announces New Antidumping and Countervailing Duty Investigation
The U.S. Department of Commerce announced last week the initiation of antidumping duty (AD) and countervailing duty (CVD) investigations for the Republic of Korea, Taiwan, Thailand, and the Socialist Republic of Vietnam. These investigations are intended to determine whether or not passenger vehicle and light truck (PVLT) tires from these nations are being dumped in the United States, and if producers in Vietnam are receiving unfair subsidies.
If the Department of Commerce finds that Korea, Taiwan, Thailand, or Vietnam are, in fact, dumping product into the market at less than fair value and/or receiving unfair government subsidies, the department will impose duties to balance the rates.
Final determinations by the Department of Commerce are due on January 25, 2021, for the AD investigation, and November 9, 2021, for the CVD investigation.