QUINCY, Ill. — The Department of Commerce's (DOC) final results on its review of imports of off-the-road tires from China during 2014-15 showed higher subsidies than previously thought, according to a statement from Titan International Inc.
The Quincy-based tire and wheel maker said the review of the dumping order for 2014-15 OTR imports and 2014 countervailing duties also showed that Chinese OTR tire producers continued to sell product for less-than-fair value in the U.S.
DOC found the subsidy levels increased dramatically since Commerce last reviewed the market, Titan said. The levels of subsidization ranged from 34.46 to 46.01 percent, compared with the prior levels of 2.52 to 5.65 percent. The dumping review also showed that OTR tires imported into the U.S. by Chinese firms, were sold at levels below fair value ranging from 33.05 to 105.31 percent.