The Department of Commerce has preliminarily determined that passenger vehicle and light truck tires from Thailand are being sold in the United States at unfairly low prices, known as less than fair value (LTFV). This investigation covers the period between April 1, 2019, and March 31, 2020. They have calculated different rates for the involved companies and issued a provisional measure to suspend the liquidation of the affected tires. Interested parties are invited to submit comments on this preliminary decision, and the final determination is expected to be announced within 135 days.
Simple Explanation
The Department of Commerce found that tires from Thailand are being sold in the U.S. at prices that are too low, kind of like selling them super cheap, and they are checking it out further. Interested people are invited to send in their thoughts before a final decision is made.