China Slaps 75% Tax on US Engineering Plastic Imports

Escalating Trade Tensions Despite Truce?

Beijing has imposed a hefty 75% anti-dumping tax on imports of polyformaldehyde copolymers from the United States. This move highlights continued trade friction, even after a temporary truce was called between the two economic giants.

The tariffs extend beyond the US, impacting the European Union, Japan, and Taiwan, which will face duties ranging from 32.6% to 35.5%.

This action raises concerns about the future of trade relations and the potential for further escalation despite recent efforts to de-escalate the trade war.