The Trade Remedies Authority of Vietnam (TRAV), under the Ministry of Industry and Trade, announced that the US Department of Commerce (DOC) has published the preliminary results of the fourth administrative review (POR4) regarding the countervailing duty (CVD) order on Passenger Vehicle and Light Truck Tires (PVLT) imported from Vietnam, with tax rates applied ranging from 3.01% to 5.84% for two Vietnamese mandatory respondents—those who requested the review for this period.
Other companies that did not request a review will continue to be subject to the 6.46% rate established in the original investigation.
The review period (POR) covers from January 1, 2024, to December 31, 2024. These products have been subject to US countervailing duties since 2021.
These results are currently preliminary. Moving forward, the DOC is expected to conduct on-site verifications to validate the information provided by the involved parties. Following the final verification report, stakeholders will have the right to submit written comments and rebuttals to the DOC. Additionally, interested parties may request a public hearing within 30 days of the publication of the preliminary results.
Unless the deadline is extended, the DOC expects to issue the final results of this review within 120 days of the publication date in the Federal Register.
The Trade Remedies Authority noted that the preliminary countervailing duties in POR4 have decreased significantly compared to the initial rates, which ranged from 6.46% to 7.89%. This improvement is attributed to the close coordination between the relevant businesses, the Vietnamese Government (represented by TRAV), and the investigating authority.
However, as these results are only preliminary, the Authority warned that businesses must remain well-prepared for the upcoming on-site verification, the submission of arguments, and potential hearings before the DOC issues its final conclusion.
The TRAV recommends that tire manufacturers and exporters continue to closely monitor the case and cooperate fully with the DOC during the verification process and subsequent stages to ensure a positive final outcome.
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