Latest news with #antiDumping
LBCI
21 hours ago
- Business
- LBCI
China slaps extended tariffs on EU toluidine imports amid trade tensions
In a move signaling continued trade friction with the European Union, China's Ministry of Commerce announced Friday it will extend anti-dumping duties on toluidine imports from the bloc for another five years, starting June 28. The renewed tariffs target German chemical giant Lanxess Deutschland GmbH with a 19.6% duty, while other EU producers will face a significantly higher rate of 36.9%. The decision follows a review of market conditions and pricing practices that Beijing says unfairly disadvantage domestic manufacturers. Toluidine, a key chemical used in dyes, pharmaceuticals, and pesticides, has been at the center of trade scrutiny due to its strategic industrial applications. The extension of duties underscores China's broader efforts to shield its chemical sector from foreign competition and comes amid a backdrop of rising global trade protectionism. Reuters
Yahoo
a day ago
- Business
- Yahoo
Taiwan to impose anti-dumping duties on Chinese beer, steel for four months
TAIPEI (Reuters) -Taiwan's finance ministry said on Friday it would impose anti-dumping duties on Chinese-made beer and hot-rolled steel for four months starting on July 3, citing substantial damage to Taiwan's industry. The duties on Chinese-made beer will be as high as 64.14% while for steel they will be as high as 20.15%, the ministry said in a statement. "These products have caused substantial damage to the domestic industry, and in order to prevent the industry from continuing to suffer during the period of the investigation, the products would be subject to temporary anti-dumping duties," the ministry said. China's Ministry of Commerce did not immediately respond to a request for comment. China has previously imposed its own anti-dumping duties on some Taiwan-made products, including last month on POM copolymers, a type of engineering plastic.
Malay Mail
a day ago
- Business
- Malay Mail
Taiwan slaps anti-dumping duties on Chinese beer and steel
TAIPEI, June 27 — Taiwan said Friday it will slap anti-dumping duties on Chinese-made beer and hot-rolled steel for four months from July 3, claiming 'substantial damage' to its industry. The finance ministry said in a statement that it and the economic affairs ministry 'have preliminarily determined that there is dumping (of these products) and it has caused substantial damage to domestic industry'. The ministry said the duties will be imposed for four months to 'prevent our industry from continuing to suffer damage during the investigation'. The levies on Chinese-made beer will range from 13.13 per cent to 64.14 per cent while for steel they will be either 16.9 per cent or 20.15 per cent, it added. In March, Taiwan launched anti-dumping probes into Chinese-made beer and some steel products following complaints of unfair competition. Tensions are already high between the two sides, with Beijing claiming the self-ruled island as part of its territory and threatening to use force to bring it under its control. Taiwan currently has anti-dumping duties on 10 products, including eight from China, which is its largest trade partner, official data show. China was the biggest source of beer imports to Taiwan last year, Bloomberg News reported, with shipments topping US$125 million (RM528 million) last year. Taiwan was also looking at whether low prices of certain Chinese hot-rolled steel products resulting from 'long-standing overcapacity' in manufacturing were harming domestic players, according to the ministry. — AFP
Free Malaysia Today
a day ago
- Business
- Free Malaysia Today
Taiwan to slap anti-dumping duties on Chinese beer, steel for 4 months
Taiwan launched anti-dumping probes into Chinese-made beer and some steel products following complaints of unfair competition. (EPA Images pic) TAIPEI : Taiwan said today it will slap anti-dumping duties on Chinese-made beer and hot-rolled steel for four months from July 3, claiming 'substantial damage' to its industry. The finance ministry said in a statement that it and the economic affairs ministry 'have preliminarily determined that there is dumping (of these products) and it has caused substantial damage to domestic industry'. The ministry said the duties will be imposed for four months to 'prevent our industry from continuing to suffer damage during the investigation'. The levies on Chinese-made beer will range from 13.13% to 64.14% while for steel, they will be either 16.9% or 20.15%, it added. In March, Taiwan launched anti-dumping probes into Chinese-made beer and some steel products following complaints of unfair competition. Tensions are already high between the two sides, with Beijing claiming the self-ruled island as part of its territory and threatening to use force to bring it under its control. Taiwan currently has anti-dumping duties on 10 products, including eight from China, which is its largest trade partner, official data show. China was the biggest source of beer imports to Taiwan last year, Bloomberg News reported, with shipments topping US$125 million last year. Taiwan was also looking at whether low prices of certain Chinese hot-rolled steel products resulting from 'long-standing overcapacity' in manufacturing were harming domestic players, according to the ministry.
CNA
a day ago
- Business
- CNA
Taiwan to impose anti-dumping duties on Chinese beer, steel for four months
TAIPEI: Taiwan's finance ministry said on Friday (Jun 27) it would impose anti-dumping duties on Chinese-made beer and hot-rolled steel for four months starting on Jul 3, citing substantial damage to Taiwan's industry. The duties on Chinese-made beer will be as high as 64.14 per cent while for steel they will be as high as 20.15 per cent, the ministry said in a statement. "These products have caused substantial damage to the domestic industry, and in order to prevent the industry from continuing to suffer during the period of the investigation, the products would be subject to temporary anti-dumping duties," the ministry said. China's Ministry of Commerce did not immediately respond to a request for comment.
