Hey news fans! In a surprising move, the Chinese Ministry of Commerce announced that starting May 19, anti-dumping duties will be applied to polyformaldehyde copolymer imports from the US, European Union, Taiwan region, and Japan. These measures will remain in place for five years with duty rates ranging from 3.8% to a whopping 74.9%.
This versatile chemical is a key ingredient across various industries—from auto parts and electronic gadgets to industrial machinery, sports equipment, and even medical devices. It often serves as a partial substitute for metals like copper, zinc, tin, and lead, playing a crucial role in modern manufacturing.
The Ministry noted that dumping practices have seriously impacted the polyformaldehyde copolymer industry in the Chinese mainland, prompting this protective action. This decision underscores ongoing efforts to ensure fair trade practices and safeguard local industries. Stay tuned for more updates on this dynamic trade story! 🚀
Reference(s):
China slaps anti-dumping duties on polyformaldehyde copolymer imports
cgtn.com
