China Enforces Anti-Dumping Duties, Aims for Trade Equilibrium

News Snapshot:

In a decisive move, China's Commerce Ministry announced the imposition of anti-dumping duties on polyformaldehyde copolymer imports from the United States, European Union, Taiwan, and Japan. Effective from May 19 for five years, this measure follows an investigation revealing damaging dumping practices, with duties varying from 3.8% to a substantial 74.9%. This chemical is predominantly utilized in manufacturing sectors such as auto parts, industrial machinery, electronics, and sports equipment, serving as an alternative to metals like copper and zinc. The decision coincides with Beijing and Washington agreeing to suspend recent reciprocal tariffs, marking a diplomatic step for a 90-day period...