Global trade barriers are rising one after another. 

On June 24, 2021, the U.S. Department of Commerce announced a final ruling confirming the imposition of tariffs on passenger car tires (Customs tariff number HS4011.10) and 

light truck tires (HS4011.20.1005 and HS4011.20.5010) from South Korea, Taiwan, and Thailand.

Anti-dumping (AD) or countervailing (CVD) duties, due to investigation results showing that the price of tires imported from the above four countries/regions is lower than the fair market price, 

and Vietnamese tires also receive government subsidies, causing losses to U.S. automobile production. 

The move will be followed by an order in early July 2021 after the International Trade Commission votes to determine anti-dumping and countervailing duty rates.

According to the final ruling, compared with the increased overall tax rate of 14.62-21.09% (originally 13.25-98.44%), the anti-dumping and countervailing tax rates that the United States 

will impose on Thailand are not very high, that is, starting from December 2020 The preliminary ruling on the 30th was raised from 13.25-22.21% to 14.62-21.09%. 

Among them, the United States imposes the highest anti-dumping tax rate on Taiwan, China, at 20.01-101.84%, followed by South Korea at 14.72-27.05% and Vietnam at 0-22.27%. 

In addition, the United States imposes a countervailing tax rate of 6.23-7.89% on Vietnamese companies.