MOEA to help vehicle tire makers facing U.S. anti-dumping duties

Taipei, Jan. 2 (CNA) The Ministry of Economic Affairs (MOEA) has vowed to assist Taiwanese vehicle tire makers accused of unfair trade practices by the United States who face anti-dumping tariffs.

The Bureau of Foreign Trade (BOFT) under the MOEA said on Friday that it will meet the affected firms in the anti-dumping case and their association as soon as possible to discuss how to secure a favorable decision from the U.S. authorities and reduce the impact of financial punishments.

The move by the BOFT to offer help came after the U.S. Department of Commerce (DOC) on Wednesday released a preliminary ruling based on its anti-dumping duty investigations, saying passenger vehicle and light truck tire makers from Taiwan, South Korea, Thailand and Vietnam have dumped their products on the U.S. market.

In the wake of tire manufacturers from the four economies being accused of selling their products at unfair low prices in the U.S., the DOC said they face anti-dumping tariffs.

Cheng Shin Rubber Ind. Co. and Nankang Rubber Tire Corp., the two mandatory respondents from Taiwan in the case, face an anti-dumping tariff of 52.42 percent and 98.44 percent, respectively, the ruling showed.

Other Taiwanese tire exporters have received an anti-dumping duty of 88.82 percent, the ruling indicated.

Anti-dumping tariffs faced by tire exporters from South Korea range from 14.24-38.07 percent, 13.25-22.21 percent for firms from Thailand and zero to 22.30 percent for vendors from Vietnam, according to the ruling.

The DOC said it will instruct U.S. Customs and Border Protection (CBP) to collect cash deposits from importers of passenger tires from the four countries based on tariff rates noted in its preliminary ruling.

The DOC announced the anti-dumping probes in June after the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union filed a petition accusing vehicle tire makers from the countries of engaging unfair dumping practices.

As the investigations continue after the preliminary ruling, the DOC is scheduled to issue final determinations in these cases on or about May 14, the agency said.

The DOC said if its final determinations of dumping are affirmative, the U.S. International Trade Commission (USITC) will make its final injury determinations on or about June 28.

If the USITC issues an affirmative final injury determinations, the department will issue anti-dumping orders to collect tariffs, the DOC added.

According to the DOC, Taiwan sold about 8.81 million passenger tires on the U.S. market in 2019, up from 8.35 million units in 2018, with the value of sales rising from US$344 million to US$373 million.

Source: The Central News Agency (CNA)