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ITC votes to proceed with consumer tire import investigations
WASHINGTON — The U.S. International Trade Commission (ITC) is moving forward with antidumping and countervailing duty investigations into imports of passenger and light truck tires from South Korea, Taiwan, Thailand and Vietnam that allegedly are being sold in the U.S. at less than fair value.The ITC investigations will move into the next phase after the agency's commissioners vote unanimously that there is a "reasonable indication" that the U.S. tire industry is being "materially injured" by reason of said imports. The ITC's decision follows by three weeks the similar action taken the U.S. Department of Commerce. The agencies' decisions are in response to petitions filed in early May by the United Steelworkers union (USW), which claim tire producers from these regions are dumping their products in the U.S. at margins ranging from as low as 5.48% (Vietnam) to as high as 217.5% (Thailand).The ITC now has until Aug. 26 to issue its preliminary countervailing duty determination, according to the timeline set by the Department of Commerce in late June. The antidumping duty determination is due on or about Nov. 9. The ITC's commissioners are: Jason Kearns (chair), Randolph Stayin (vice chair), David S. Johanson, Rhonda Schmidtlein and Amy Karpel. Mr. Kearns was appointed chair on June 19. As a result of the ITC's affirmative determinations, Commerce will continue with its investigations into the import situation. The Commission's public report, "Passenger Vehicle and Light Truck Tires from Korea, Taiwan, Thailand, and Vietnam" — due to be published in mid-August — will contain the views of the ITC and information developed during the investigations. The case IDs are: 701-TA-647 and 731-TA-1517-1521.
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Continental offering summer rebate promotion through Aug. 31
FORT MILL, S.C. — Continental Tire the Americas L.L.C. is offering consumers the chance to earn $70 to $100 in a Visa prepaid card with the purchase of four qualifying light truck, SUV or CUV tires.The TerrainContact A/T is the only tire eligible for the $100 card. The other 12 tire options are worth $70: 4x4 Contact, 4x4 SportContact, CrossContact LX Sport, CrossContact LX20, CrossContact LX 25, CrossContact UHP, SureContact LX, TerrainContact H/T, VancoFourSeason, VanContact A/S and VikingContact 7.The promotion runs through Aug. 31. The tires must be purchased in a single transaction in one of the 50 states, Washington D.C. or Puerto Rico.For full offer details, visit continentaltire.com.