The U.S. Department of Commerce has adjusted the results of a review concerning countervailing duties on certain off-the-road tires from India due to ministerial errors. Specifically, they corrected mistakes in how benefits under certain economic programs were calculated for ATC Tires Private Limited and Balkrishna Industries Ltd. As a result, Balkrishna's dumping margin was slightly increased, but ATC's margin remained unchanged. These adjustments also influence the duties to be assessed on these companies' products during the specified review period in 2022.
Simple Explanation
The U.S. government looked at some big, special tires from India and found that one company made some small mistakes in their price reports. This means the cost they have to pay to sell those tires in the U.S. changed just a little bit.