The United States is no longer "CVD+ADD" to Chinese OTR tires
On May 7, local time, the US Department of Commerce announced that it would revoke the “CVD+ADD” tax order on Chinese off-highway tires (OTR).
It is reported that after February 4, 2019, China's exports of OTR tires to the United States will not be subject to anti-dumping duties and countervailing duties.
According to the data, the United States has implemented "double opposition" on OTR tires from China for more than 10 years.
Affected by this, the number of Chinese OTR tires exported to the United States has decreased year by year.
On April 13, 2017, the US Department of Commerce ruled that the anti-dumping tax rate and countervailing duty rate of Xuzhou Xugong Tire Co., Ltd. were 33.08% and 46.01%, respectively.
The anti-dumping duty rate of Guizhou tire and other tire manufacturers is 105.31%.
The countervailing duty rate of Guizhou tires was 34.46%, and that of other companies reviewed was 40.24%.
This "double-reverse" sanctions have had a major impact on Chinese tire exports.
In 2017, the "T-shaped tires with a herringbone tread or a similar tread and a cross-sectional width of ≥24 inches" were exported to the United States for a total value of US$ 23.92 million.
“Other agricultural or forestry vehicles, as well as new pneumatic rubber tires for machines”, with an export value of US$66.52 million.
By 2018, the two figures were $4.5 million and $1.592 million, respectively.
Some analysts believe that the serious shortage of market supply is an important reason for the United States to cancel the "double opposition."
Tire World Network found that in August last year, the US Department of Commerce had already withdrawn the anti-dumping investigation against Indian OTR tires.