China Slaps 75% Tax on US Plastic Imports: Trade War Escalates
China has levied a 75% anti-dumping tax on US imports of polyformaldehyde copolymers, a crucial engineering plastic, while also imposing lower tariffs on imports from the EU, Taiwan, and Japan. This action, following a recent tariff truce, highlights persistent trade friction between the US and China. The Ministry of Commerce cited dumping and resultant harm to domestic industry as justification. The widely used plastic is a lightweight alternative to metals in various applications.
John Q. Hosedrinker