Editor's note: The original version of this story has been corrected the clarify the role of the ITC.
Recent action brought to an end a yearlong investigation into certain Asian-made tires that may be sold or were sold in the U.S. at less than fair value.
The full impact of duties imposed by the U.S. Department of Commerce (DOC) on tires produced in South Korea, Thailand and Taiwan will take time to be felt, especially amid global pandemic recovery.
The U.S. International Trade Commission (ITC) determination June 23 cleared the way for antidumping rulings on certain Asian passenger and light truck tire imports. The ITC, headed by six commissioners, is an independent agency within the executive branch of government. The ITC determines injury or potential injury to imports. Its determination has no impact on duties but is required by statute.
The ITC terminated the investigation into dumping of tires from Vietnam, but it did clear the way for a countervailing ruling on those P/LT tire imports.
The DOC has determined that elevated duties on imports valued at nearly $4 billion annually are called for.