RANCHO CUCAMONGA, Calif. (June 23, 2015) — Giti Tire Group said it was disappointed by the U.S. Department of Commerce's June 12 final determination to issue heavy antidumping and countervailing duties against Chinese passenger and light truck tires imported from China.
Commerce issued final antidumping duties of 14.54 percent and final countervailing duties of 36.79 percent against Giti Tire, the company noted in a June 23 press release. These duties are more than double the level the agency announced earlier in 2015, the company said.
The U.S. International Trade Commission (ITC) is scheduled to vote July 14 on whether the U.S. tire industry has been materially injured by Chinese imports.
“Once the ITC announces its decision, Giti Tire will formulate a course of action in response,” the tire maker said.
Based in Singapore, Giti Tire has its U.S. sales office in Rancho Cucamonga. Since its founding in 1951, Giti Tire claims it has become the 10th-largest tire manufacturer in the world, with eight manufacturing plants and distribution in more than 130 countries.
In February, Giti Tire broke ground on a $560 million tire plant in South Carolina. Once completed, the facility will employ 1,700 workers, the company said.