Commerce to investigate Vietnamese currency practices in CVD tire probe

The Commerce Department on Tuesday said it will for the first time investigate an allegedly undervalued currency as a subsidy as it examines whether Vietnamese tire exports are being unfairly subsidized. Commerce launched antidumping and countervailing duty probes into passenger vehicle and light truck tires from Vietnam, South Korea, Taiwan and Thailand. Commerce will investigate 20 subsidy programs in the four countries, including Vietnam’s allegedly undervalued currency, marking the first time Commerce will use a rule it issued in February...