China imposes antidumping measures on US and Japanese chemicals – The Economic Journal

China imposes antidumping measures on US and Japanese chemicals - The Economic Journal


China announced Monday that it would impose anti-dumping measures on imports of hydroiodic acid from the United States and Japan from October 16.

Chinese customs will charge between 41.1% and 123% on iodide acid rates from those two countries over the next five years.

The Chinese Ministry of Commerce said in a statement that the measure will be adopted after substantial damage has been caused to the domestic industry.

The investigation carried out by the Chinese authorities between October 16, 2017 and June of this year concluded that US and Japanese companies that sell the chemical have set prices below production costs.



Source link

Leave a Reply