PEKIN (Reuters) – China announced taxes on Sunday up to almost 75%on its imports of POM copolymers, a type of plastic, from the United States, the European Union, Japan and Taiwan.
These taxes are the consequence of an anti-competitive survey opened in May 2024 by the Chinese Ministry of Commerce, shortly after the United States’s establishment of additional customs duties on electric vehicles, computer flea and other goods from China.
POM copolymers can partially replace certain metals such as copper and zinc and find applications in automotive parts, electronics or medical equipment, underlined the Chinese trade ministry.
The highest rate, 74.9%, will be applied to imports from the United States while a 34.5% tax will hit European products.
Imports of Pom Copolymers from Japan will be taxed at 35.5% and those from Taiwan at 32.6%, with exceptions in both cases for certain companies.
US President Donald Trump has since returned to the White House in January a trade war between the United States and China. The two countries have however agreed with a 90 -day break in the application of their reciprocal customs duties.
(Written by Colleen Howe, Bertrand Boucey)
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