China targets US, EU with rubber trade case
The case could stoke the simmering tit-for-tat trade tiff between Beijing and Washington, with each side having made threats of more duties on billions of dollars-worth of goods.
The anti-dumping measures on rubber come after an initial investigation by China’s commerce ministry found evidence the countries were dumping the halo-isobutene-isoprene rubber.
Importers were directed to place deposits with China’s customs department ranging in amount from 26 percent to 66.5 percent of the goods’ cost -- to be applied against the imposed tariffs if the ministry finds dumping in its final ruling.
The dumping did “substantial damage” to China’s domestic industry, the commerce ministry said in a statement.
The U.S. and Singapore are China’s main foreign sources of the synthetic rubber.