Close Menu
Nabka News
  • Home
  • News
  • Business
  • China
  • India
  • Pakistan
  • Political
  • Tech
  • Trend
  • USA
  • Sports

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Pakistan, Turkiye weigh aerospace partnership

July 10, 2025

Williamson still wants to play for NZ, says coach – Sport

July 10, 2025

Seed technology drives cotton mechanization in China’s Xinjiang-Xinhua

July 10, 2025
Facebook X (Twitter) Instagram
  • Home
  • About NabkaNews
  • Advertise with NabkaNews
  • DMCA Policy
  • Privacy Policy
  • Terms of Use
  • Contact us
Facebook X (Twitter) Instagram Pinterest Vimeo
Nabka News
  • Home
  • News
  • Business
  • China
  • India
  • Pakistan
  • Political
  • Tech
  • Trend
  • USA
  • Sports
Nabka News
Home » China retaliates against US and EU over anti-dumping investigation
China

China retaliates against US and EU over anti-dumping investigation

i2wtcBy i2wtcMay 19, 2024No Comments3 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email WhatsApp Copy Link
Follow Us
Google News Flipboard Threads
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link


Stay informed with free updates

Just sign up for trade dispute myFT Digest — delivered straight to your inbox.

China has signaled it intends to retaliate against trade barriers introduced by the US and EU when they launched anti-dumping investigations into chemical imports.

The Commerce Department announced Sunday that it is investigating imports of polyoxymethylene copolymer, a thermoplastic widely used in consumer electronics and the auto industry, from the European Union, the United States, Japan and Taiwan.

The Chinese government’s move suggests it will take retaliatory measures against foreign trade barriers, but the narrow investigation into chemicals suggests China runs large trade surpluses with the US and EU. Taking this into account, it also highlights the limits of our ability to respond.

The move comes after the Biden administration last week announced a slew of tariffs on Chinese goods, including clean energy technology and computer chips. Most shockingly, it quadrupled tariffs on electric vehicles to 100%, aimed at preventing companies like BYD and Nio from gaining a foothold in the U.S. auto industry.

The White House said $18 billion of products in “strategic areas” would be affected by the tariff hikes, arguing it would give U.S. companies time to catch up with Chinese rivals in clean energy technology.

In response, China last week said it would take “resolute measures to protect its rights and interests.” The retaliatory measures were established during the Trump era, when the U.S. introduced tariffs on a wide range of Chinese imports and Beijing responded with targeted measures on a narrower range of items. It follows the pattern.

The Commerce Department said the Chinese government’s investigation into chemical imports will take a year, but could be extended by six months.

The investigation follows a number of EU investigations into Chinese government manufacturing subsidies.

The city of Brussels launched an anti-subsidy investigation into Chinese electric vehicles in October amid mounting accusations that the Chinese government is supporting the electric vehicle industry with huge state subsidies and flooding the European market with cheap EVs. did. The investigation will determine whether Beijing’s policies have “caused economic harm” to European manufacturing.

According to an analysis by the policy group Transport and Environment, Chinese-made electric vehicles are expected to account for a quarter of all battery car sales in the EU this year, up from 19.5% last year.

The Chinese government’s announcement comes ahead of a July 4 deadline for the European Commission to decide whether to impose interim tariffs or quotas on Chinese EVs.

The European Commission said on Sunday it would “carefully study” the contents of the Chinese government’s investigation into chemical imports “before deciding on next steps”.

In April, the EU launched an investigation into two Chinese solar panel manufacturers for profiting from market-distorting subsidies. Europe’s solar power industry has accused Chinese rivals of cutting prices, resulting in huge losses and the closure of several power plants across the continent.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email WhatsApp Copy Link
i2wtc
  • Website

Related Posts

China

Seed technology drives cotton mechanization in China’s Xinjiang-Xinhua

July 10, 2025
China

China’s auto market posts strong growth in H1-Xinhua

July 10, 2025
China

In Confucius’ birthplace, global experts seek common ground for shared development-Xinhua

July 10, 2025
China

Shenzhou-19 astronauts meet press after return from space-Xinhua

July 9, 2025
China

The power games of billionaires — uncovering the political dilemma behind “America Party”-Xinhua

July 9, 2025
China

Fingerprint of innovation — a quest of China’s e-skin startup to success-Xinhua

July 9, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Pakistan, Turkiye weigh aerospace partnership

July 10, 2025

House Republicans unveil aid bill for Israel, Ukraine ahead of weekend House vote

April 17, 2024

Prime Minister Johnson presses forward with Ukraine aid bill despite pressure from hardliners

April 17, 2024

Justin Verlander makes season debut against Nationals

April 17, 2024
Don't Miss

Trump says China’s Xi ‘hard to make a deal with’ amid trade dispute | Donald Trump News

By i2wtcJune 4, 20250

Growing strains in US-China relations over implementation of agreement to roll back tariffs and trade…

Donald Trump’s 50% steel and aluminium tariffs take effect | Business and Economy News

June 4, 2025

The Take: Why is Trump cracking down on Chinese students? | Education News

June 4, 2025

Chinese couple charged with smuggling toxic fungus into US | Science and Technology News

June 4, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

About Us
About Us

Welcome to NabkaNews, your go-to source for the latest updates and insights on technology, business, and news from around the world, with a focus on the USA, Pakistan, and India.

At NabkaNews, we understand the importance of staying informed in today’s fast-paced world. Our mission is to provide you with accurate, relevant, and engaging content that keeps you up-to-date with the latest developments in technology, business trends, and news events.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Pakistan, Turkiye weigh aerospace partnership

July 10, 2025

Williamson still wants to play for NZ, says coach – Sport

July 10, 2025

Seed technology drives cotton mechanization in China’s Xinjiang-Xinhua

July 10, 2025
Most Popular

Yangtze River Delta witnesses progress in green, integrated ecological development-Xinhua

March 24, 2025

American, Chinese families meet in Shanghai-Xinhua

March 29, 2025

China accelerates humanoid robot development for diverse applications-Xinhua

April 4, 2025
© 2025 nabkanews. Designed by nabkanews.
  • Home
  • About NabkaNews
  • Advertise with NabkaNews
  • DMCA Policy
  • Privacy Policy
  • Terms of Use
  • Contact us

Type above and press Enter to search. Press Esc to cancel.