U.S. places import duties on Chinese Tyres
Reuters reports that the U.S. has placed large import duties on several brands of off-road tyres manufactured in China.
In an effort to protect domestic tyre manufacturers, on Wednesday the US Commerce Department placed preliminary tariffs of up to 210 percent on millions of Chinese-made off-road tyres. They argue that the tyres are being ‘dumped’ on the American market, i.e. sold for unfairly low prices.
The final duties will not go into effect until the U.S. International Trade Commission determines whether producers in the U.S. have been harmed or threatened with harm, which will probably not be until August. The off-road tyres may join more than 60 other Chinese products with anti-dumping restrictions.
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