China has initiated an anti-dumping investigation targeting thermoplastic imports used in automotive and electronics from the U.S., EU, Japan, and Taiwan. The probe, focused on polyoxymethylene copolymers, is expected to conclude within a year, with a possible six-month extension.
This move seems to be a response to the EU's investigation into alleged unfair trade practices by Chinese firms.
Last week, the U.S. significantly increased tariffs on Chinese goods, including electric vehicles, steel, aluminum products, and solar cells, affecting $18 billion worth of imports. Meanwhile, EU leaders are contemplating imposing high tariffs on Chinese-made electric vehicles and wind turbines under a new anti-subsidy law, potentially closing off a vital market for China.