Recently, the U.S. International Trade Commission (ITC) passed a vote.

The agency agreed to launch a tariff investigation on imported truck and bus tires from Thailand.

This move means that this round of "double-reverse" investigation of Thai Tire has entered the preliminary stage.

In October 2023, the United Steelworkers Union initiated a tax request to the U.S. Department of Commerce.

It claimed that the dumping profit margin for Thai truck and bus tires exported to the United States is as high as 47.8%.

In early November, the ITC held a hearing to collect relevant materials from representatives of all parties.

Prinx Chengshan North America Co., Ltd. was the only tire manufacturer to present its self-defense.

The company pointed out that the U.S. tire industry and the Thai tire industry have different areas of competition.

Domestic tire companies in the United States focus on the original equipment market, while Pulin Chengshan focuses on the replacement market.

Overseas subsidiaries of Chinese companies such as Jinyu Tire and Huayi Group have submitted relevant testimonies.

It is expected that the U.S. Department of Commerce will announce the preliminary review decision on tax rates in March 2024.

The U.S. International Trade Commission will review its final decision in July of the same year.

The final ruling in the case may be issued on August 1, 2024.