#China #Bejing #ImportTax #Increase
Following an anti-dumping investigation, China's Commerce Ministry has ruled that EPDM rubber imports from South Korea, the U.S. and Europe were dumped into the Chinese market.
Following an anti-dumping investigation, China's Commerce Ministry has ruled that EPDM rubber imports from South Korea, the U.S. and Europe were dumped into the Chinese market.
The type of synthetic rubber formed by combining ethylene and propylene is EPDM rubber. It is known for its durability and is used in many industrial fields, including automobile parts.
On Friday, the Chinese ministry argued that the dumping of rubber goods imported from those regions had inflicted a major blow on domestic firms.
As a result, rubber imports will be subject to 12-point-five tariffs of up to 222 percent from next Wednesday before a final evaluation of the dumping charges is released. Dumping is when a business sells its export goods on its domestic market at a lower price than it costs.
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