Picture a trade clash at the speed of light! On Thursday, the Chinese mainland's Ministry of Commerce announced it will slap anti-dumping duties on certain optical fiber imports from the United States, starting September 4. ⚡️
This move follows the mainland's first anti-circumvention investigation, launched on March 4 at the request of a local company. After a transparent probe, officials found that U.S. exporters were cutting and shifting the fiber to dodge the existing duties on dispersion unshifted single-mode optical fiber. 🚚➡️📦
In simple terms, some companies were slicing one fiber type, renaming it, and sending it back to beat the rules. Now, those cut-off shifted single-mode optical fiber products will face the same duties as the original ones. 💡
For young professionals and investors, this is a heads-up: trade policies can change fast, even in high-tech fields like optical networking. Stay tuned for more updates on how global markets adapt! 🌐📈
Reference(s):
China imposes anti-dumping duties on certain U.S. optical fiber goods
cgtn.com
