The United States International Trade Commission (USITC) has initiated a preliminary Anti-Dumping duty investigation into truck and bus tyres imported from Thailand.
More Scrutiny For Imports To The U.S. From Thailand.
This move, announced on December 1, 2023, follows a petition filed by the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union (USW), based in Pittsburgh, Pennsylvania.
The investigation seeks to determine whether these imports are being dumped in the U.S. market at less than their market value, potentially harming the domestic industry. It is predicted, although preliminary, that there is currently a 48.39 per cent Dumping Margin. The USITC vote took place on November 30, 2023, setting the stage for this inquiry.
This investigation represents seven producers across seven States, employing 8,820 production and related workers. U.S. producers reported shipments valued at $4.2 billion against an estimated total U.S. consumption of $9.0 billion. Imports from Thailand and other countries accounted for a significant portion of the market, with imports from Thailand representing 19.8 per cent of U.S. consumption.
This investigation highlights the ongoing challenges facing the U.S. tyre industry amidst global competition. With Thailand, Vietnam, Japan, China, Canada, and South Korea identified as leading sources of imports, the outcome of this inquiry could have far-reaching implications for producers and consumers alike. We wait to see the outcome and its effect on the global tyre trade.