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The U.S. Department of Commerce has admitted to a miscalculation in its preliminary anti-dumping tariff rate for truck tires imported from China, raising the rates of every manufacturer and importer to 30.36% - nearly 10 points higher than the initial calculation.
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The U.S. Department of Commerce (DOC) says truck and bus tire manufacturers in China are dumping tires in the U.S. at less than fair market value, and those tires should be subject to tariffs of at least 20%. The tariffs are retroactive.
Read More →Commercial truck and bus tires imported from China are benefitting from subsidies from the Chinese government, and as a result the U.S. Department of Commerce says those tires should be subject to tariffs up to 23%.
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