The United States International Trade Commission is conducting the final phase of antidumping and countervailing duty investigations on passenger vehicle and light truck tires imported from Korea, Taiwan, Thailand, and Vietnam. The investigation aims to determine if these imports are harming U.S. industry by being sold at less-than-fair-value or subsidized by foreign governments. Interested parties can participate by filing an entry of appearance, and hearings are scheduled for May 2021. The investigation was initiated in response to concerns raised by the United Steelworkers union.
Simple Explanation
The U.S. government is checking if tires sold cheaply from Korea, Taiwan, Thailand, and Vietnam are hurting American tire makers. They want to see if these tires are being sold at low prices because the foreign governments helped pay for them.