Top tyre exporters not subjected to U.S. anti-dumping duties

VGP – Vietnamese tyre exporters have not dumped tyres in the U.S., according to the U.S. Department of Commerce (DOC).

January 18, 2021 5:07 PM GMT+7

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The DOC released preliminary anti-dumping duty determinations for passenger vehicle and light truck tires made in Viet Nam and other economies.

Six Vietnamese producers and exporters of passenger vehicle tires namely Sailun, Kenda Rubber, Bridgeston, Kumho Tire, and Yokohama Rubber, which account for over 95% of tire exports to the U.S., were found to not dump following an investigation by the Department of Commerce. The dumping rate for Viet Nam-wide entity is at 22.3%.

The decisions have created advantages for the sector amid fierce competition from China and Thailand. The rubber sector also benefits from the decisions as a large number of its products are used to make tyres.

The DOC is expected to issue its final decisions on May 14 this year.

The U.S. imported nearly US$ 4 billion worth of tires from the four economies in 2019, with US$ 469.64 million from Viet Nam./.

By Khanh Phuong