CHINA: Imposes anti-dumping tax on some polyamide chips
China's Ministry of Commerce (MOC) has imposed an anti-dumping tax on some polyamide-6,6 chips imported from the US, Italy, Britain, Taiwan and France that are used in the production of plastics and textiles.
The measures, which came into force yesterday (13 October), will apply for five years with a maximum tax rate of 37.5%.
Coming less than a month after the US imposed anti-dumping duties on Chinese tyres - prompting fears that clothing and textile imports into the US could be the next in line to face restrictions - the polyamide-6,6 move is seen in some quarters as a tit-for-tat response to rising trade tensions.
Sectors: Fibres & fabrics
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