BEIJING: China on Sunday announced anti-dumping duties of up to 74.9% on imports of POM copolymers—an engineering plastic used in auto parts and electronics—from the United States, the European Union, Japan, and Taiwan.
The decision follows a probe launched in May 2024, shortly after Washington raised tariffs on Chinese electric vehicles, computer chips, and other imports. Beijing’s commerce ministry said its investigation confirmed dumping activity, leading to preliminary measures in January requiring deposits from importers.
The new duties target U.S. imports with the highest rate of 74.9%, while European shipments face a 34.5% tariff. Japanese imports will be taxed at 35.5%, except Asahi Kasei Corp., which received a lower company-specific rate of 24.5%. Taiwan’s general tariff is set at 32.6%, though Formosa Plastics and Polyplastics Taiwan will see significantly reduced rates of 4% and 3.8%, respectively.
The announcement comes amid signs of easing tensions in the U.S.-China trade dispute. Both countries said Monday they had reached a 90-day truce to reduce reciprocal tariffs. The Global Times, a Chinese state-run outlet, urged on Friday that the agreement be extended.
Meanwhile, the Asia-Pacific Economic Cooperation group on Friday warned of “fundamental challenges” to the global trading system following discussions in South Korea.