The Department of Commerce has made a preliminary finding that passenger vehicle and light truck tires from South Korea are being sold in the United States for less than their fair value. This investigation covers sales from April 1, 2019, to March 31, 2020. Due to this finding, U.S. Customs and Border Protection will suspend the liquidation of these tires and require cash deposits based on the estimated dumping margins until further notice. The Department also plans to verify the information before making a final determination and is inviting public comments on the preliminary decision.
Simple Explanation
The Commerce Department is saying that some tires from South Korea are being sold in the U.S. for less money than they are supposed to, so they want to check things out more carefully and are asking people to share their thoughts on this.