On November 26, 2024, the U.S. Court of International Trade declared part of a previous decision about the antidumping duties on tires from China was incorrect. This decision affects the duties assigned to Kenda Rubber (China) Co., Ltd. The Department of Commerce must now adjust the final results for Kenda's duties, but their current cash deposit rate will not change. The department will instruct U.S. Customs and Border Protection to calculate final duties owed on relevant Kenda tire imports.
Simple Explanation
The U.S. Court made a decision that changed how much tax Kenda, a company from China that makes tires, must pay when selling their tires in the U.S. The government needs to calculate how much tax they really owe, but for now, Kenda still pays the same amount as before.