China Upholds Anti-Dumping Duties on International Rubber Imports

In a recent announcement, China's commerce ministry confirmed the continuation of anti-dumping duties on rubber imports from the United States, South Korea, and the EU. The tariffs, ranging from 12.5% to 222%, target ethylene-propylene rubber used in various industries, affecting major companies like Dow Chemical and Exxon Mobil.

In a strategic move, China's commerce ministry declared on Friday that it will extend anti-dumping tariffs on rubber imports from the United States, South Korea, and the European Union. The decision marks the beginning of expiry reviews on measures first enacted five years earlier.

China announced that the anti-dumping tariffs, varying from 12.5% to an astonishing 222%, will apply to ethylene-propylene-non-conjugated diene rubber imported from these countries. The measure aims to protect domestic industries from unfair pricing practices by international competitors.

Major international companies like Dow Chemical Company and Exxon Mobil Corp will face some of the highest tariffs, with rates of 222% and 214.9% respectively. This rubber type is predominantly used in construction, wiring, and the automotive sector, indicating significant economic implications for these industries.

(With inputs from agencies.)