The voting results confirmed the US Department of Commerce’s previous findings on OTR tyres imported from India and Sri Lanka. Some OTR tyre manufacturers in India will have to pay an anti-dumping duty of 3.36%. (BKT companies are exempt from paying due to no evidence of anti-dumping. tax). The voting results also confirmed the existence of subsidies for Indian OTR tire manufacturers and will pay a countervailing duty. The countervailing duty rate of Union Tire Company was 4.9%, the countervailing duty rate of BKT was 5.36%, and the countervailing duty rate of other OTR tire manufacturers in India was 5.06%. In addition, OTR tire manufacturers in Sri Lanka are also not spared and are found to be subsidized. All OTR tire manufacturers in Sri Lanka will be subject to a countervailing duty of 2.18%. From the U.S. OTR tires in India and Sri Lanka, the tax rate is significantly lower than that of tires imported from China. The double-sticks have been brought down to all countries that export tires to the United States. The new president’s tough economic policies have also made the tires of the United States even more lost in the future. Transparent Iron Oxide for Ink Red Iron Oxide,Black Iron Oxide,Ferric Oxide Yellow,Ferric Oxide Pigment TINOX CHEMIE GMBH , https://www.tinoxglobal.com
Anti-dumping of tires
Double reversed stick strikes American tire exporter's future
At 11 o'clock local time in the United States on February 3, 2017, the US International Trade Commission voted to confirm anti-dumping and countervailing investigations on OTR tires imported from India and Sri Lanka. The committee did not immediately release the news. The details were announced by the US International Trade Commission later.