US’ announcement on preliminary determination on VN’s passenger vehicle tires is positive
15:37 | 09/01/2021

VGP – The Vietnamese Ministry of Industry and Trade assessed that the U.S. Department of Commerce’s announcement on affirmative preliminary determinations in the antidumping duty (AD) investigations of passenger vehicle and light truck tires from Viet Nam is positive.

Earlier, on December 30, 2020, the U.S. Department of Commerce announced affirmative preliminary determinations in the antidumping duty (AD) investigations of passenger vehicle and light truck tires (passenger tires) from the Republic of Korea, Chinese Taipei, Thailand, and Viet Nam.

Accordingly, the U.S. Department of Commerce preliminarily determined that exporters have dumped passenger tires in the U.S. at rates of 14.24 to 38.07% for South Korea, 52.42 to 98.44% for Chinese Taipei, 13.25 to 22.21% for Thailand, and 0 to 22.30% for Viet Nam.

The Commerce is scheduled to announce its final determinations in these cases on or about May 14, 2021, unless this deadline is extended.

The 2019 imports of passenger tires from Viet Nam were approximately estimated at US$469.6 million, according to the Department.

The U.S. Department of Commerce is also conducting a concurrent countervailing duty (CVD) investigation of passenger tires from Viet Nam.

The Vietnamese Ministry of Industry and Trade said the determination is positive as the other exporters who are not subject to anti-dumping duties account for over 95.5% of Vietnamese tire exports to the U.S.

Meanwhile, those that were hit with a 22.3% anti-dumping duty had not shown cooperation with the investigation agency, the ministry said.

This preliminary result benefits Vietnamese car tire exporters as partners from the Republic of Korea, Chinese Taipei and Thailand under the same investigation have been imposed with anti-dumping taxes at a higher rate of 13.25% to 98.44%.

By Thuy Dung

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