In a significant move to protect its local polymer industry in the Chinese mainland, China will levy anti-dumping duties on polyformaldehyde copolymer imports from May 19 for a period of five years.
The new measures target imports originating from the United States, the European Union, China’s Taiwan region, and Japan. An investigation found that these imports involved dumping practices that have hurt the domestic polyformaldehyde copolymer sector.
Duty rates will range from 3.8% to a high of 74.9%, depending on the source. This key polymer is essential in the production of auto parts, electronic appliances, industrial machinery, sports gear, and medical equipment, serving as a partial substitute for metals such as copper, zinc, tin, and lead.
This decision is a striking reminder of the dynamic nature of global trade and its impact on everyday industries—from tech startups innovating in consumer electronics to large manufacturers adjusting their supply chains. Stay tuned as policy shifts like these continue to reshape the industrial landscape! ⚙️
Reference(s):
China slaps anti-dumping duties on polyformaldehyde copolymer imports
cgtn.com
