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View all search resultsThe US Commerce Department said on Tuesday it had opened investigations into vehicle tire imports from South Korea, Taiwan, Thailand and Vietnam to determine whether the tires are being sold at less than fair value.
Publicly listed tire manufacturer PT Goodyear Indonesia has temporarily shut down its production activity to comply with the large-scale social restriction (PSBB) measures to curb the spread of the COVID-19 pandemic.
Indonesia, the second-largest natural rubber producer in the world, is struggling to develop its rubber processing industry and diversify rubber products amid a fall in global commodity prices due to a decline in demand.
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