9 May 2025
🛞Antidumping Duties on Passenger Vehicle and Light Truck Tires
Passenger Vehicle and Light Truck Tires From the Republic of Korea: Final Results of the Antidumping Duty Administrative Review; 2022-2023
Summary
The U.S. Department of Commerce (Commerce) determines that Hankook Tire & Technology Co. Ltd. (Hankook) and Nexen Tire Corporation (Nexen) made sales of passenger vehicle and light truck tires from the Republic of Korea (Korea) at prices below normal value (NV) during the period of review (POR), July 1, 2022, through June 30, 2023.
Agencies
- Commerce Department
- International Trade Administration
Business Impact
$$$ - High
The regulatory notice indicates antidumping duties on tire imports from Korea, suggesting increased costs for businesses importing these products. Companies must adjust pricing strategies and may face reduced competitiveness in the U.S. tire market due to higher tariffs imposed on their products, especially for Hankook, Nexen, and Kumho Tire.