China Probes US, EU, Taiwan, Japan POM Imports Amid Escalating Trade Tensions

May 21, 2024
China Probes US, EU, Taiwan, Japan POM Imports Amid Escalating Trade Tensions
  • China's Ministry of Commerce has initiated an anti-dumping investigation into polyoxymethylene copolymers (POM) from the US, EU, Taiwan, and Japan.

  • The investigation is a response to trade barriers imposed by these countries, reflecting escalating global trade tensions.

  • The US tariffs on Chinese imports and EU scrutiny of Chinese steel have significantly contributed to these rising tensions.

  • The investigation could last over a year and aims to address concerns about heavily subsidized Chinese products threatening national industries.

  • China defends its innovation and government support, countering criticisms of overcapacity and subsidies.

  • The ongoing trade war, President Joe Biden's maintenance of tariffs, and China's dominance in green tech have further strained US-China relations.

  • The EU has also launched its own investigations into Chinese products, adding to the international trade friction.

  • Tensions between China, Japan, and Taiwan continue to persist.

  • Interested parties have a 20-day window to participate in the investigation, indicating the significant impact of these measures on various industries and economies.

Summary based on 7 sources


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