U.S. Department of Commerce released on Jun. 28 the result of preliminary anti-subsidy ruling over truck and bus tires imported from China, saying there are subsidies for truck and bus tires exported from China to the U.S..
The preliminary ruling decided that the subsidy on Double Coin Tires was 17.06%, that on Guizhou Tire was 23.38%, and that on other Chinese tire companies was 20.22%.
DoC will give guidance to the Customs and frontier inspection bodies to collect margins pro rata.
The applier of the anti-dumping and anti-subsidy probe, United Steelworkers, welcomed the results.
DoC figures show that in 2015, China exported 8.9 million truck and bus tires to the U.S., valued at 1.07 billion dollars.
In 2013, China exported 6.3 million such tires to the U.S., valued at 885.1 million dollars.
The anti-dumping investigation period was from July 1 to Dec. 31, 2015, and the anti-subsidy investigation period was the entire 2015.
DoC said the final ruling will be released on Nov. 10, if the vote is positive, U.S. International Trade Commission will make the final ruling on real damage on Dec.24.
If the final ruling is positive, the anti-dumping and anti-subsidy tariffs may be imposed from Dec. 31.
