China retaliates with up to 75pc tariffs on engineering plastic from US, EU, Japan, Taiwan amid trade tensions
China imposed anti-dumping duties of up to 74.9% on POM copolymer imports from the US, EU, Japan, and Taiwan. This follows a probe launched in May 2024 after the US increased tariffs on Chinese goods. POM copolymers, used in various industries, can substitute metals like copper and zinc. The highest duties target US imports, while EU, Japan, and Taiwan face lower rates. This comes amid hopes of easing US-China trade tensions following a 90-day tariff truce.