Welcome to the Reuters.com BETA. Read our Editor's note on how we're helping professionals make smart decisions.
Read more
Sign In
June 23, 20212:22 PM PDTLast Updated a month ago
Asia Pacific
U.S. tire industry harmed by Korea, Taiwan, Thailand tire imports -trade panel
David Shepardson

3 minute read
Michelin Formula One tires are prepared for racing in the pits at the Indianapolis Motor Speedway, June 29, 2006. REUTERS/John Gress/File Photo
WASHINGTON, June 23 (Reuters) - The United States International Trade Commission (ITC) said on Wednesday that U.S. manufacturers are "materially injured" by imports of passenger vehicle and light truck tires from Korea, Taiwan and Thailand.
The ITC also found subsidized passenger tires from Vietnam injure domestic manufacturers.
The U.S. Commerce Department as a result of the order "will issue antidumping duty orders on imports of these products from Korea, Taiwan, and Thailand, and a countervailing duty order on imports of these products from Vietnam," the ITC said.
The Commerce Department declined to comment.
The ITC also found imports of tire products from Vietnam sold in the United States at less than fair value "are negligible and voted to terminate the antidumping duty investigation concerning Vietnam."
In 2020, the Commerce Department opened investigations into vehicle tire imports from South Korea, Taiwan, Thailand and Vietnam in response to petitions filed by the United Steelworkers (USW) representing workers at U.S. tire plants.
The union praised the ITC determination.
"We’re grateful that the ITC affirmed what USW members see every day: a deliberate effort to undercut our domestic industry and overtake our market,” USW International President Tom Conway said in a statement.
Kevin Johnsen, who chairs the USW’s Rubber/Plastics Industry Conference, said that the current system is "clearly broken." He added: "Before we can get remedies, we must demonstrate harm in the form of lost jobs and reduced market share. By that time, American workers are already suffering."
The union won orders on imported vehicle tires from China in 2015, and Chinese imports have since shrunk dramatically, allowing the domestic industry to invest in new capacity, the union said last year.
The United States imported $4.4 billion in tires from the four nations in 2020. The USW said previously tire imports from the four countries had risen nearly 20% since 2017, reaching 85.3 million tires in 2019.
The USW represents workers at Michelin (MICP.PA), Goodyear (GT.O), Cooper , Sumitomo (8053.T) and Yokohama (5101.T) tire plants in Ohio, Arkansas, North Carolina, Kansas, Indiana, Virginia, New York and Alabama.
Reporting by David Shepardson Editing by Chris Reese
Our Standards: The Thomson Reuters Trust Principles.
More from Reuters
Play video on original page

Read Next
Asia Pacific
U.S., Indonesia commit to South China Sea defense in 'strategic dialogue'
3:15 PM PDT
Asia Pacific
Taliban seek 'lion's share of power' in deadlocked peace talks -U.S. envoy
2:03 PM PDT
Business
'Tug of war' as investors digest mixed market messages
1:55 PM PDT
Asia Pacific
N.Korea wants sanctions eased to restart U.S. talks -S.Korea lawmakers
1:41 PM PDT

Sign up for our newsletter
Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
Asia Pacific
Asia Pacific · 3:15 PM PDT
U.S., Indonesia commit to South China Sea defense in 'strategic dialogue'
U.S. Secretary of State Antony Blinken announced on Tuesday the launch of a "strategic dialogue" with Indonesia, and Washington said the two countries committed to working together on issues that include defending freedom of navigation in the South China Sea.
Asia Pacific
Taliban seek 'lion's share of power' in deadlocked peace talks -U.S. envoy
2:03 PM PDT
Asia Pacific
Car bomb hits near Kabul 'Green Zone'; six dead including attackers
12:49 PM PDT
Asia Pacific
U.S. says Afghanistan civil war one of many concerns
1:32 PM PDT
Asia Pacific
N.Korea wants sanctions eased to restart U.S. talks -S.Korea lawmakers
1:41 PM PDT
Latest
Home
Media
Videos
Pictures
Graphics
Browse
World
Business
Legal
Markets
Breakingviews
Technology
Investigations
Lifestyle
About Reuters
About Reuters
Careers
Reuters News Agency
Brand Attribution Guidelines
Reuters Leadership
Reuters Fact Check
Reuters Diversity Report
Stay Informed
Download the App
Newsletters
Information you can trust
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Follow Us
Thomson Reuters Products
Westlaw
Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.
Onesource
The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs.
Checkpoint
The industry leader for online information for tax, accounting and finance professionals.
Refinitiv Products
Eikon
Information, analytics and exclusive news on financial markets - delivered in an intuitive desktop and mobile interface.
Refinitiv Data Platform
Access to real-time, reference, and non-real time data in the cloud to power your enterprise.
World-Check
Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks.
Advertise With Us
Advertising Guidelines
Cookies
Terms of Use
Privacy
Corrections
Site Feedback

All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.
© 2021 Reuters. All rights reserved