China imposes highest anti-dumping tariffs on imported plastics, 74.9% of US-made products - South Korean report

The Chinese government announced on the 18th that it would impose anti-dumping tariffs of up to 74.9% on polyoxymethylene (POM) copolymers imported from the United States, the European Union (EU), Japan, and Taiwan.
Local time) announced. POM copolymer is a high-performance engineering plastic, and according to the Ministry of Commerce of China, "POM copolymer can be a substitute for metals such as copper and zinc,
"These products are used in a variety of industries, including auto parts, electronic devices, and medical equipment," the statement said. According to Reuters and other news agencies, the move comes after the United States banned Chinese-made electric vehicles,
The move comes after China imposed heavy tariffs on major imports, including semiconductors. The Chinese Ministry of Commerce announced in January that a preliminary investigation had revealed that products from the U.S., EU, Japan and Taiwan were subject to dumping tariffs.
The government announced that imports had been confirmed as being illegal, and from the 24th of the same month, it implemented provisional measures in the form of a deposit (a method in which importers temporarily deposit a certain amount with customs until the final tariffs are determined).
According to the final announcement, tariffs of up to 74.9% will be applied to POM copolymers produced in the US, 34.5% on those produced in the EU, and 35.5% on those produced in Japan (24.5% for Asahi Kasei products).
Taiwanese products are generally subject to a 32.6% tariff, but some companies, such as Formosa Plastics (4%) and Polyplastics Taiwan (3.8%), are subject to lower individual tariffs.
The latest anti-dumping tariffs have been announced at a time when trade friction between the United States and China has eased, and as such are attracting even more attention.
At the talks, the two sides agreed to a "truce" to significantly reduce mutual tariffs for 90 days. Afterwards, the Chinese state-run Global Times argued that the truce should be extended.
Experts have warned that "China's countermeasures against the high U.S. tariffs on Chinese products will be strong," and that "uncertainty in the global supply chain will continue for the time being."
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