Huayi group subsidiary receives anti-dumping bills totalling $27.1m

Shanghai Huayi Group announced that its subsidiary, China North America Tyre Joint Sales Company (North America Sales Company), has received 526 bills from US Customs and Border Protection related to an anti-dumping investigation. The total amount due is $27,149,411.50, comprising anti-dumping duties of $15,576,733.19, countervailing duties of $0.39, and accrued interest of $11,572,677.92.

The anti-dumping investigation, initiated by the US Department of Commerce in 2014 concerning off-the-road (OTR) tires imported from China, saw a series of appeals and reversals. Most recently, on April 28, 2025, the US Federal Circuit Court of Appeals dismissed North America Sales Company's appeal, affirming the Department of Commerce's conclusions.

The company has previously accrued an estimated liability of $29,835,150.60. The received bills do not exceed this provision, indicating that the subsequent payment will not materially impact the company's financial condition.