China’s Anti-Dumping Probe on POM Copolymers
China’s commerce ministry has initiated an anti-dumping probe into POM copolymers imported from the European Union, United States, Japan, and Taiwan. These engineering plastics are increasingly used to replace metals like copper and zinc in various industries such as automobile manufacturing, electrical components, and medical equipment.
Investigation Details
- The investigation is set to last for one year.
- It may be extended by an additional six months if deemed necessary.
International Response
A European Commission spokesperson stated that they will closely review the investigation’s details and determine the next course of action. There is an expectation for China to comply with WTO regulations regarding trade practices.
Trade Conflict Background
The anti-dumping probe occurs within the broader context of the ongoing trade conflict involving China, the United States, and Europe. Recently, the U.S. announced increased tariffs on various Chinese imports, including electric cars, computer chips, and medical products. Similarly, the EU has initiated a trade investigation into Chinese tinplate steel.
Industry Impact
In September, the European Commission considered imposing additional taxes on low-cost Chinese electric vehicles that receive government subsidies. This move reflects the heightened scrutiny by the U.S. and Europe on China’s production capacity oversupply in global markets.
Chinese Response
Chinese officials defend their industry practices, emphasizing the significant state support that has propelled Chinese companies to their current positions. They argue that international criticism of China’s production overcapacity overlooks the country’s advancements in critical industries.
