Chinese Tire Companies Fined for Product Dumping
China wouldn't try anything like product dumping, would they? In a word, yes. Gasgoo reports the U.S. Commerce Department is imposing an anti-dumping duty on Chinese-made off-road tires. It seems Commerce determined that producers and exporters have been selling new tires at 10.98 to 210.48 percent below fair market value on this side of the Pacific. Now four tire manufacturers will have to pay an anti-dumping duty of 10.98 to 51.81 percent on a set of four tires. Twenty-three other off-road tire makers will have to pay an average 24.75 percent duty. They didn't say if Commerce would expand this to on-road tires, but if the manufacturers have been doing it for one type of tire, you can just about bet they've been doing it for the rest.