MONROVIA, Calif. — The Commerce Department's preliminary determination thiis week to impose antidumping duties on Chinese truck and bus tires will only hurt purchasers of those tires, according to a top executive of China Manufacturers Alliance L.L.C. (CMA), the U.S. distributor of Double Coin tires.
“We believe it's an unfortunate and misguided approach to what's going on in the industry,” said Walt Weller, senior vice president of Monrovia-based CMA, a subsidiary of China's Double Coin Holdings.
“The reality is that, in spite of this ruling, there is not enough truck and bus tire production in the domestic market to meet U.S. demand,” Mr. Weller said.
On Aug. 29, Commerce handed down a decision finding an antidumping margin of 22.57 percent against Double Coin and other Chinese truck and bus tire producers and distributors. Some other Chinese companies, including Prinx Chengshan (Shandong) Tire Co. Ltd., received slighly lower dumping findings of 20.87 percent.