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China readies anti-dumping tax on US, Japan chemicals
By Wang Yanlin |
March 22, 2013, Friday
|
Online Edition
Online Edition
CHINA will collect anti-dumping duties on chemical resorcinol imported from the United States and Japan starting Saturday, the Ministry of Commerce said.
It is the latest of a series of new tariffs on imported chemicals after China announced anti-dumping levies on toluene dissocyanate (TDI) from the European Union ten days ago. Both substances are used in rubber, dye and plastic products.
Japanese companies exporting the chemical to China, such as Sumitomo Chemical Co Ltd and Mitsui Chemicals Inc, will face a tariff of 40.5 percent on resorcinol.
The American INDSPEC Chemical Corp and others will have to pay a tariff of 30.1 percent, the ministry said today in a statement.
Trade relations between China and the US and the EU became strained in the past few years as countries frequently resorted to anti-dumping tariffs or countervailing duties but nobody admitted they were means of trade protectionism.
Both US and EU have increased the use of trade remedies to halt what they said were unfair prices of China's subsidized exports and charged extra taxes on Chinese products from paper, poultry to shoes and steel.
It is the latest of a series of new tariffs on imported chemicals after China announced anti-dumping levies on toluene dissocyanate (TDI) from the European Union ten days ago. Both substances are used in rubber, dye and plastic products.
Japanese companies exporting the chemical to China, such as Sumitomo Chemical Co Ltd and Mitsui Chemicals Inc, will face a tariff of 40.5 percent on resorcinol.
The American INDSPEC Chemical Corp and others will have to pay a tariff of 30.1 percent, the ministry said today in a statement.
Trade relations between China and the US and the EU became strained in the past few years as countries frequently resorted to anti-dumping tariffs or countervailing duties but nobody admitted they were means of trade protectionism.
Both US and EU have increased the use of trade remedies to halt what they said were unfair prices of China's subsidized exports and charged extra taxes on Chinese products from paper, poultry to shoes and steel.
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