The European Commission has published definitive anti-dumping duties on new and retreaded truck and bus tires imported from China that are measurably lower than the duties proposed in May.
A 50-page document, signed Oct. 18 by EC President Jean-Claude Juncker, lists the duties as: Hankook Tire Co. Ltd., 23.41 percent; Giti Group, 29.56 percent; Aeolus Group and Pirelli (Prometeon), 37.29 percent; other cooperating companies, 32.3 percent; and Xingyuan Group and all other companies, 55.07 percent.
The EC noted in the document that after considerable input by all parties involved and careful consideration, it determined both dumping margins and injury margin, the latter defined as the “margin adequate to remove the injury” to the collective European Union industry.
The EC began looking into possible antidumping measures against Chinese truck/bus tires in August 2017 in reaction to a complaint lodged by the “coalition against unfair tires imports.”
The regulation is set to take effect the day following its publication in the Official Journal of the European Union and remain in place for five years.
Read the full document here.