PLT Tires From Korea Will Face Lower Tariffs

Following a standard review cycle, the U.S. Department of Commerce intends to lower the tariffs imposed on passenger and light truck tires imported into the U.S. from South Korea.

The government studied the tires brought to the U.S. between Jan. 6, 2021, and June 30, 2022, and determined in that timeframe that Hankook Tire & Technology Co. Ltd., Nexen Tire Corp. and Kumho Tire Co. Inc. all sold tires into the U.S. market at prices below “normal value.” …

Source: MTD