DOC reduces Guizhou Tyre duty rate

The US Department of Commerce (DOC) has revised its countervailing duty rate for Guizhou Tyre.

According to the 13 April 2018 edition of the US government’s Federal Register, the new rate for Guizhou is 31.49 per cent down from a rate of 39.10 per cent that the DOC assessed in October 2017.

The new rate also applies to all non-selected OTR tyre companies under review, the Federal Register said.

The countervailing duty rate for Xuxhou Xugong Tyres remains unchanged at 91.94 per cent, the DOC also determined during its review.