US tire industry harmed by South Korea, Taiwan, Thailand tire imports: Trade panel

WASHINGTON: The United States International Trade Commission said on Wednesday that US manufacturers are"materially injured" by imports of passenger vehicle and light truck tires from South Korea, Taiwan and Thailand.AdvertisementThe US Commerce Department as a result of the order"will issue anti-dumping 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.

Kevin Johnsen, who chairs the USW’s Rubber/Plastics Industry Conference, said that the current system is"clearly broken."

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US tire industry harmed by Korea, Taiwan, Thailand tire imports -trade panelThe United States International Trade Commission (ITC) said on Wednesday that U.S. manufacturers are 'materially injured' by imports of passenger ... Has the US actually considered the possibility that if its industries are so easily 'harmed' by competitors in Asia, then there's something wrong with them？ US: does the majority of production outside the country Those countries: Now that we have companies making tires here, let's go into competition with the u.s. US: no your harming our tire industry that way! Time for change...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »