China has announced anti-dumping duties of up to 74.9% on imports of POM copolymers, a type of engineering plastic, from the United States, European Union, Japan, and Taiwan.
The commerce ministry’s findings conclude a probe launched in May 2024, following the US’s sharp increase in tariffs on Chinese electric vehicles, computer chips, and other imports.
POM copolymers can partially replace metals like copper and zinc and have various applications in auto parts, electronics, and medical equipment. In January, the ministry determined that dumping was taking place and implemented preliminary anti-dumping measures in the form of a deposit starting January 24.
The tariffs rate are the United States- 74.9%, European Union- 34.5%, Japan- 35.5% (24.5% for Asahi Kasei Corp) and Taiwan- 32.6% (4% for Formosa Plastics, 3.8% for Polyplastics Taiwan).
The announcement comes amid rising hopes that the US-China trade war is easing after both sides agreed to slash reciprocal tariffs in a 90-day truce. The Global Times, a state mouthpiece, has suggested that this deal should be extended.
Meanwhile, the Asia-Pacific Economic Cooperation group of nations has warned of “fundamental challenges” facing the global trading system in a communique after a meeting in South Korea.
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