On June 23, 2021, the U.S. International Trade Commission (ITC) announced its final determination in the antidumping and countervailing duty investigation into passenger vehicle and light truck tires (PVLT). The ITC voted in the affirmative, finding that imports of products from Vietnam harmed the domestic industry. The decision marks the final hurdle for Commerce to impose duties starting in July.

The determination follows the May 24, 2021, final determination by Commerce, which also ruled in the affirmative, and is the first time that the Currency Rule has been used in an affirmative final determination by the ITC.

For more information on the Currency Rule please reach out to our team and see previous posts below.

Department of Commerce Issues First Analysis of Currency Undervaluation as a Countervailable Subsidy | International Trade Law (cmtradelaw.com)

https://www.cmtradelaw.com/2020/10/ustr-launches-section-301-investigation-targeting-imports-from-vietnam/