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EU hit as China launches tit-for-tat anti-dumping probe (www.euronews.com)

submitted 6 months ago by MicroWave to c/world

12 comments fedilink hide all child comments

Thermoplastics coming from the US, the EU, Taiwan and Japan are sold at prices below fair market value, says Beijing.

China has launched an "anti-dumping" investigation into chemical imports, in what appears to be a response to trade barriers introduced by the EU, the US and other countries.

Polyoxymethylene copolymer, a plastic widely used in electronics and cars, is being sold at an unfairly low cost in China, therefore causing damage to domestic companies, said China's Ministry of Commerce.

The investigation will focus on imports from the US, the EU, Taiwan and Japan, and could take up to 18 months to complete.

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[–] [email protected] 3 points 6 months ago

This is the best summary I could come up with:

China has launched an "anti-dumping" investigation into chemical imports, in what appears to be a response to trade barriers introduced by the EU, the US and other countries.

Last Tuesday, Washington announced sharp tariff increases on Chinese goods, including computer chips and solar panels.

US President Joe Biden has imposed a border tax of 100% on electric vehicles, quadrupling the previous charge.

Other probes concern Chinese electric vehicles, solar panels, wind turbines, and medical devices.

In response to Sunday's announcement, the Commission said it would carefully study the contents of the Chinese investigation before deciding how to proceed.

"We expect China to ensure that this investigation is fully in line with all relevant World Trade Organization rules and obligations," a spokesperson said.

The original article contains 290 words, the summary contains 122 words. Saved 58%. I'm a bot and I'm open source!