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December 24, 2014 01:00 AM

U.S. lowers China import duty rates

Tire Business staff
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    WASHINGTON, D.C. (Dec. 24, 2014) — The Department of Commerce has revised the pending countervailing duty rate on passenger and light truck tires imported from China down by nearly 3.7 percentage points, citing “significant ministerial errors” in the way it calculated certain sales denominators.

    The revised rate for all but a few excepted manufacturers is now 12.03 percent, the department said, down from 15.69 percent.

    Separately, Commerce lowered the duty rate on Giti Tire (Fujian) Co. Ltd. and “certain cross-owned” companies to 11.74 percent from 17.69 percent and also revised the language pertaining to the marking requirements for ST-type trailer tires, which are exempted from the countervailing duties.

    In explaining the revision, the department said the errors resulted primarily from its calculation of Giti Fujian's subsidy rate, the extent of which resulted in a change that was “at least 5 absolute percentage points and more than 25 percent of the original [incorrect] rate.”

    Commerce said it will instruct U.S. Customs and Border Protection (CBP) to require a cash deposit equal to the estimated amended countervailing duty rates reflected in this notice for GITI Fujian (11.74 percent) and all-other exporters or producers (12.03 percent).

    The changes do not apply to Cooper Kunshan Tire Co. Ltd. or Shandong Yongsheng Rubber Group Co. Ltd., which were levied duty rates of 12.5 and 81.29 percent, respectively.

    All the countervailing duties are in addition to the prevailing 4-percent import tariff.

    Based on comments submitted to Commerce by CTP Transportation Products L.L.C. and Carlisle (Meizhou) Rubber Products Co. Ltd., ST-type trailer tires won't have to be marked with load index and speed rating markings.

    CTP and Carlisle (Meizhou) argued that requiring such markings would impose substantial financial burdens on exporters of said tires that are produced “in adherence with industry practices.”

     

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