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The United States made a preliminary ruling on the investigation
The U.S. Department of Commerce made a positive preliminary ruling on the anti-subsidy investigation of truck and bus tires imported from China, found that subsidies exist for Chinese products, and ruled that the two companies that enforced the respondents had a separate tax rate. Among them, the Double Coin Group Co., Ltd. subsidy rate of 17.06%, Guizhou Tire Import and Export Co., Ltd. subsidy rate of 23.38%; other Chinese enterprises based on the two companies to obtain an average tax rate of 20.22%.
Based on the affirmative results of the preliminary anti-subsidy award, the U.S. Department of Commerce will notify the U.S. Customs to impose a corresponding guarantee on the above products exported by China. If the date of the final anti-dumping investigation and countervailing investigation are not merged (the applicant submitted a merger request on June 15, 2016 and the U.S. Department of Commerce has not yet made a decision), the U.S. Department of Commerce will issue a countervailing duty on or about November 10, 2016 The final ruling, the United States International Trade Commission will be December 24, 2016 post damage final ruling.
This case was launched on January 29, 2016, by the United Steelworkers (USW). On February 19, the U.S. Department of Commerce issued a notice of filing an order to announce the initiation of an anti-dumping and countervailing investigation on truck and passenger car tires imported from China and the investigation of export products involving more than 100 Chinese exporters and more than 1 billion U.S. dollars of exports.
The product under investigation was a new inflated rubber tire (with or without inner tubes) with truck or bus tire specifications, including radial tires and bias tires. The US tariff numbers for the surveyed products are: 4011.20.1015 and 4011.20.5020. Tires that meet the scope of the surveyed product may also have the US tax code of 4011.99.4520, 4011.99.4590, 4011.99.8520, 4011.99.8590, 8708.70. 4530,8708.70.6030,8708.70.60.60. The case's anti-dumping investigation period is from July 1 to December 31, 2015, and the countervailing duty investigation period is 2015 full year.
March 31, 2016, the United States Department of Commerce issued a list of countervailing mandatory respondents, countervailing investigations in the draw two companies are double money Group Co., Ltd. and Guizhou Tire Import and Export Co., Ltd..
On the same day, the U.S. Department of Commerce postponed the timing of preliminary countervailing investigations from April 25 to June 27. The U.S. Department of Commerce said that primarily due to the quantity and nature of the subsidy programs under investigation, the complainant, the United Steelworkers Federation, requested that the survey be postponed.
Michelin confirmed that it has invested 450 million