Unrecognizable worker at the recycling factory holding a bunch of plastic granules<\/p>\n
Rgstudio | E+ | Getty Images<\/p>\n
China on Sunday announced anti-dumping duties as high as 74.9% on imports of POM copolymers, a type of engineering plastic, from the United States, the European Union, Japan and Taiwan.<\/p>\n
The commerce ministry’s findings conclude a probe launched in May 2024, shortly after the U.S. sharply increased tariffs on Chinese electric vehicles, computer chips and other imports.<\/p>\n
POM copolymers can partially replace metals such as copper and zinc and have various applications including in auto parts, electronics and medical equipment, the ministry has said.<\/p>\n
In January the ministry said initial investigations had determined that dumping was taking place, and implemented preliminary anti-dumping measures in the form of a deposit starting from January 24.<\/p>\n
According to Sunday’s announcement, the highest anti-dumping rates of 74.9% were levied on imports from the United States, while European shipments will face 34.5% duties.<\/p>\n
China slapped 35.5% duties on Japanese imports, except for Asahi Kasei Corp, which received a company-specific rate of 24.5%.<\/p>\n
General duties of 32.6% were placed on imports from Taiwan, while Formosa Plastics received a 4% tariff and Polyplastics Taiwan 3.8%.<\/p>\n
Hopes have risen that the U.S.-China trade war is easing after the two sides said on Monday they had agreed to slash reciprocal tariffs in a 90-day truce, a deal that state mouthpiece the Global Times said on Friday should be extended.<\/p>\n
The Asia-Pacific Economic Cooperation group of nations warned of “fundamental challenges” facing the global trading system in a communique on Friday after a meeting in South Korea.<\/p>\n","protected":false},"excerpt":{"rendered":"Unrecognizable worker at the recycling factory holding a bunch of plastic granules Rgstudio | E+ | Getty Images…\n","protected":false},"author":2,"featured_media":111101,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5174],"tags":[5464,5466,3085,1700,2000,299,5187,1699,285,1201],"class_list":{"0":"post-111100","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eu","8":"tag-breaking-news-economy","9":"tag-breaking-news-politics","10":"tag-business-news","11":"tag-economy","12":"tag-eu","13":"tag-europe","14":"tag-european","15":"tag-european-union","16":"tag-politics","17":"tag-trade"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114527608814945695","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/111100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=111100"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/111100\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/111101"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=111100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=111100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=111100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}