China Monday imposed upto 35 per cent anti-dumping duty on a chemical from the United States, in a move that could add to trade tensions between the two countries.
China's Ministry of Commerce announced Sunday that China would China would impose five-year anti-dumping tariffs, ranging from 5 per cent to 35.4 per cent, on imports of adipic acid from the United States, Europe and South Korea.
The tariff will take effect on Monday this week.
Citing reason for its current move, the Ministry of Commerce said that United States and Europe were dumping adipic acid in China, which was harming country’s domestic adipic acid sector.
US President Barack Obama is due to visit china later this month.
It may be noted here that earlier in September, America had imposed punitive tariffs on imports of Chinese tires.
- Bitcoin investors call for protection after collapse of two major Bitcoin platforms
- South Yorkshire cottage has been crashed into by 40 cars over last 14 years
- Doctors to Reconstruct People's Faces with Stem Cells from their Fat
- $10 Urine Test is Twice as Accurate as Existing Tests for Prostate Cancer Diagnosis
- People Shorter in height May be Short of Intellect too: Study