China slaps anti-dumping tariffs on Taiwan petrochemical products

Focus Taiwann
Date: 2018/06/23
By: Liao Yu-yang and Frances Huang

Taipei, June 23 (CNA) China’s Ministry of Commerce (MOC) has imposed anti-

Image taken from Pixabay

dumping tariffs on imports of styrene from Taiwan, South Korea and the United States, with effect from Saturday, after it was determined they had been selling the petrochemical product at unfairly low prices in the Chinese market.

In an announcement on its website on Friday, the ministry said styrene from the three exporters had imposed material injury on China’s petrochemical market.

The tariffs on styrene imports, ranging from 3.8 percent to 55.7 percent, will remain in place for five years, starting June 23, the ministry said.

It is the first time in eight years that China has imposed anti-dumping tariffs on products from Taiwan.    [FULL  STORY]

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