Duties on Sri Lankan Tires Set to End After CIT Decision on Subsidies
Recently imposed countervailing duties on new pneumatic off-the-road tires from Sri Lanka look set to end, after the Court of International Trade on July 11 sustained a redetermination by the Commerce Department. After taking out a program CIT found was…
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not a subsidy, the CV duty rate for Camso Loadstar and the rate for all other Sri Lankan exporters fell to 1.23%, below the two percent threshold for imposing CV duty orders on developing countries under World Trade Organization rules. Commerce issued its CV duty order in March (see 1703030031).