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China targets US EU with rubber trade case

China targets US EU with rubber trade case

BEIJING: China announced today it would impose temporary anti-dumping measures on synthetic rubber imported from the United States, the European Union and Singapore.

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 good.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.