U.S. Slaps Duties on Korean Passenger Vehicle Tires
Published Date: 5/9/2025
Notice
Summary
The U.S. checked tire sales from Korea and found Hankook and Nexen sold passenger and light truck tires for less than fair prices between July 2022 and June 2023. Because of this, extra duties (taxes) will apply to their imports to keep things fair for U.S. businesses. If you’re buying or selling these tires, expect some changes in costs starting now.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Extra Duties on Korean Tire Imports
The Department of Commerce found that Hankook Tire & Technology Co. Ltd. and Nexen Tire Corporation sold passenger vehicle and light truck tires from Korea at less than fair value during July 1, 2022 through June 30, 2023. As a result, extra antidumping duties (taxes) will apply to imports of these tires; if you buy or sell these specific tires, expect changes in costs.
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