On Sunday, China’s Ministry of Commerce imposed anti-dumping duties of up to 74.9% on POM copolymers, a type of engineering plastic. These duties apply to imports from the United States, the European Union, Japan, and Taiwan. The decision follows the conclusion of an investigation launched in May 2024. This investigation came after the US raised tariffs on Chinese electric vehicles, computer chips, and other products.
POM copolymers are used to replace metals like copper and zinc in automotive parts, electronics, and medical equipment.
In January, China found evidence of dumping and introduced initial anti-dumping measures starting January 24. The final decision sets the following duties: 74.9% on US imports, 34.5% on European shipments, and 35.5% on Japanese imports. However, Asahi Kasei Corporation will pay a reduced rate of 24.5%. Taiwan will face a general duty of 32.6%, but Formosa Plastics will pay 4%, and Polyplastics Taiwan will be charged 3.8%.
This announcement follows hopes that the US-China trade conflict may ease. Both countries agreed to reduce tariffs in a 90-day truce. China’s state-run Global Times suggested extending the deal. Meanwhile, after a meeting in South Korea, the Asia-Pacific Economic Cooperation (APEC) group warned of “fundamental challenges” facing the global trading system.
