NEW YORK — The U.S. Court of International Trade (CIT) has reaffirmed an antidumping rate reduction for Cooper Tire & Rubber Co. regarding passenger and light truck tires it makes in China and imports to the U.S.
On Sept. 25, CIT Chief Judge Timothy C. Stanceu sustained his March 29 decision that the U.S. Department of Commerce lacked a rational basis for giving Cooper a smaller downward export-subsidy adjustment than the other 62 separate-rate respondents in its June 2015 final antidumping determination against Chinese passenger and light truck tire manufacturers.
The rate change amounts to 2.4 percent.
Commerce initiated its antidumping and countervailing duty investigations in June 2014, based on petitions the United Steelworkers filed with the International Trade Commission.
In its final determination, Commerce levied antidumping duties of 25.84 percent against Cooper and the other separate-rate importers.
Cooper did not challenge the antidumping rate, but it did object to the way Commerce calculated the company's export subsidy adjustment, which affects the cash deposit rate the company pays on the antidumping duty.