Contact UsDMCA policyAbout UsPrivacy PolicyTerms of UseDisclaimerCookie Policy
Trending
How to Detect Malware in Your BrowserExploring the Benefits of Popular Dietary Supplements: What Science SaysUnderstanding Z-Library: Bottom line on Legality and SafetyThe healthcare sector is complex and ever-evolvingEstablishing a Comprehensive Patient Safety ProgramTips for Overcoming Substance Use DisorderHow To Recognize Signs of Mental IllnessLeveraging Fashion Trends While Maintaining IndividualityTips for Utilizing Knowledge Management ToolsTeam Collaboration: Using an Action Plan Template for Group Projects
Home › Automobile

ITC finds U.S. tire industry harmed by Korea, Taiwan, Thailand imports

Emma WillsonJun 24, 2021Automobile
ITC finds U.S. tire industry harmed by Korea, Taiwan, Thailand imports

WASHINGTON — The United States International Trade Commission (ITC) said on Wednesday that U.S. manufacturers are “materially injured” by imports of passenger vehicle and light truck tires from South Korea, Taiwan and Thailand.

The ITC also found subsidized passenger tires from Vietnam injure domestic manufacturers.

The U.S. Commerce Department as a result of the order “will issue antidumping duty orders on imports of these products from Korea, Taiwan, and Thailand, and a countervailing duty order on imports of these products from Vietnam,” the ITC said.

The Commerce Department declined to comment.

The ITC also found imports of tire products from Vietnam sold in the United States at less than fair value “are negligible and voted to terminate the antidumping duty investigation concerning Vietnam.”

In 2020, the Commerce Department opened investigations into vehicle tire imports from South Korea, Taiwan, Thailand and Vietnam in response to petitions filed by the United Steelworkers (USW) representing workers at U.S. tire plants.

The union praised the ITC determination.

“We’re grateful that the ITC affirmed what USW members see every day: a deliberate effort to undercut our domestic industry and overtake our market,” USW International President Tom Conway said in a statement.

Kevin Johnsen, who chairs the USW’s Rubber/Plastics Industry Conference, said that the current system is “clearly broken.” He added: “Before we can get remedies, we must demonstrate harm in the form of lost jobs and reduced market share. By that time, American workers are already suffering.”

The union won orders on imported vehicle tires from China in 2015, and Chinese imports have since shrunk dramatically, allowing the domestic industry to invest in new capacity, the union said last year.

The United States imported $4.4 billion in tires from the four nations in 2020. The USW said previously tire imports from the four countries had risen nearly 20% since 2017, reaching 85.3 million tires in 2019.

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

Related video:

Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Automobile News Click Here 

 For the latest news and updates, follow us on Google News. 

Read original article here

Denial of responsibility! TechAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]iazi.com. The content will be deleted within 24 hours.

CategoryAutomobile

Related News