U.S. Announces Preliminary Ruling On Anti-Dumping Duty For Thai Tires

                                                     U.S. Announces Preliminary Ruling on Anti-Dumping Duty for Thai Tires

The United States has issued a preliminary ruling on the antidumping duty imposed on passenger vehicle and light truck tires from Thailand. The ruling indicates that the Thai companies that exported tires to the US market had engaged in an unfair trade practice by selling these products at a price lower than their production cost in Thailand.

As a result of this preliminary ruling, the US Department of Commerce has decided to impose a 15.08% anti-dumping duty on Thai passenger vehicle and light truck tires. This decision is aimed at protecting American jobs and industries from unfair competition.

However, the US remains committed to fair trade practices and will continue to work with Thailand to resolve any trade issues that arise. The US government values its relationship with Thailand and looks forward to a positive and productive dialogue.

We believe that this decision will promote fair and balanced trade between the US and Thailand, which will benefit both nations and their respective economies. It is important to ensure that businesses around the world adhere to fair trade practices, which will foster a level playing field and stimulate economic growth and prosperity.