US in Preliminary Finding Says China Truck Tires Subsidized

WASHINGTON — The U.S. Commerce Department has made a preliminary finding that bus and truck tires from China received countervailable, or offset, government subsidies from China ranging from 17.06% to 23.38%.

“As a result of the preliminary affirmative determination, Commerce will instruct U.S. Customs and Border Protection to require cash deposits based on these preliminary rates,” the Commerce Department announced in a June 28 statement.

In 2015, U.S. imports of truck and bus tires from China totaled $1.07 billion, the department said.

“Commerce preliminarily found that critical circumstances exist with respect to one exporter of truck and bus tires from China. Where critical circumstances were found, CBP will be instructed to impose provisional measures retroactively on entries of truck and bus tires, effective 90 days prior to publication of the preliminary determination in the Federal Register,” the department said.

Commerce is scheduled to announce its final determination Nov 10.