CHINA ANTI-DUMPING DUTIES PLACED ON MORE CHEMICALS

BEIJING – China’s Ministry of Commerce has announced it will start to collect anti-dumping levies on the chemical resorcinol, currently imported from the US and Japan. The tariff is the latest in a list of levies introduced on imported chemicals, such as a recent tariff placed on toluene diisocyanate from the EU, a chemical used in manufacturing rubber, dyes and plastics. Japanese companies will face 40.5% import duty on resorcinol, and US companies 30.1% tariff. The move is seen by observers as indicative of a deterioration of trade relations between China, and the US and EU.