On September 28th, China rubber network we have heard from China rubber industry association, issued by the us department of commerce on September 5, the passenger and light truck tires anti-dumping investigation on China the second annual administrative review (hereinafter referred to as the "POR2") preliminary results, forced responses to enterprises and the rate of corporate tax rate respectively were 73.63%, higher than that of the original anti-dumping margin rates more than six times.
The China rubber industry association reminds all Chinese tire companies involved in POR2 to submit their defense as soon as possible before the deadline of October 11, 2018 in order to reduce the final tax rate as far as possible.
It is understood that the second annual administrative review of the us anti-dumping investigation against Chinese passenger and light truck tires was on August 1, 2016, solstice, July 31, 2017.
In this review investigation, the us department of commerce chose shandong haohua tire co., ltd. and zhaoqing junhong industrial co., ltd. as compulsory responders. Among them, shandong haohua quit the review in late April, while the us department of commerce did not add other compulsory responders.
In the initial ruling, zhaoqing junhong received 73.63% tax rate.
Since the rate is not punitive, other tyre companies applying for separate rates will apply.
The current tax rate for all Chinese tire companies involved in POR2 has been raised to 73.63%.
If the us department of commerce maintains the tax rate in the final ruling, the Chinese enterprises concerned will have a greater risk to pay the anti-dumping duty during the period of POR2 and lose the us market in the future.
This is because the American customers of Chinese tire enterprises that have responded to the lawsuit against POR2 mostly entered the customs with the original anti-dumping margin rate of 8.72%~11.12%, so they may face the additional tariff burden of about 60% after the final ruling.
If the final award is not delayed, the final award is expected to be issued on January 4, 2019, and if postponed, it is expected to be issued on March 5, 2019.
As a professional rubber manufacturer, Shenyang Sunnyjoint Chemicals Co., Ltd. will focus on these news.