Date: 2024-06-28 14:13:00
On May 15, 2024 (U.S. time), the U.S. Department of Commerce issued a preliminary anti-dumping ruling on Thai truck and bus tyres, holding that truck and bus tyres exported from Thailand were sold in the United States at a price below fair value, and preliminarily ruled that the dumping margin was as follows:
1. Prinx Chengshan (Thailand) Co. : 0%;
2. Bridgestone Corporation : 2.35%;
3. The average tax rate of other enterprises is 2.35%.
On November 14, 2023, the U.S. Department of Commerce issued a notice to open the investigation. Subsequently, Bridgestone Corporation and Prinx Chengshan were selected as mandatory respondents to submit the information and data required for this investigation in accordance with the requirements of the U.S. Department of Commerce.
In the case of Prinx Chengshan, due to its zero dumping margin, its exported tyres will not face customs clearance suspension or deposit requirements. For other companies, however, the Commerce Department will instruct Customs and Border Protection (CBP) to suspend customs clearance and require a bond equal to the dumping margin.
On June 18,2024, to reassess the preliminary anti-dumping duties determined by the U.S. Department of Commerce in May, the U.S. International Trade Commission (USITC) stated in a notice that it will hold a hearing on October 9 regarding the imposition of antidumping duties on truck and bus tires (TBR) imported from Thailand. The hearing is seen as the "final stage" of the anti-dumping investigation process, and its conclusions will directly affect the final decision.
