Automobile

Reduced price tires from Asia harm US industry, trade commission rules

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WASHINGTON-The U.S. International Trade Commission (ITC) said on Wednesday that U.S. manufacturers truck Tires from South Korea, Taiwan and Thailand.

ITC also found that subsidized passenger car tires from Vietnam hurt domestic manufacturers.

ITC stated that as a result of the order, the US Department of Commerce “will issue anti-dumping duties on these products imported from South Korea, Taiwan and Thailand, and issue countervailing duty orders on these products imported from Vietnam.”

The US Department of Commerce declined to comment.

ITC also found that tire products imported from Vietnam that were sold in the United States at a price lower than fair value were “negligible and voted to terminate the anti-dumping duty investigation against Vietnam.”

In 2020, the Department of Commerce launched an investigation into automobile tires imported from South Korea, Taiwan, Thailand, and Vietnam in response to a petition submitted by the United States Steel Workers Union (USW), which represents US tire factory workers.

The union praised ITC’s determination.

USW International President Tom Conway said in a statement: “We are grateful to ITC for affirming what USW members see every day: intentionally weakening our domestic industry and surpassing our market.”

Kevin Johnson, chairman of the USW Rubber/Plastics Industry Conference, said the current system was “obviously broken.” He added: “Before we can get a remedy, we must prove the harm in the form of losing jobs and reducing market share. By then, American workers are already suffering.”

The union won an order for imported car tires China The union said last year that China’s imports have fallen sharply since 2015, which has allowed domestic industries to invest in new capacity.

In 2020, the United States imported 4.4 billion U.S. dollars worth of tires from these four countries. USW said that the tires imported from these four countries have increased by nearly 20% since 2017, reaching 85.3 million in 2019.

USW represents workers in Michelin, Goodyear, Cooper, Sumitomo and Yokohama tire plants in Ohio, Arkansas, North Carolina, Kansas, Indiana, Virginia, New York and Alabama.

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